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Trump Media Completes Fundraising of Approximately 350 Billion Yen, Initiates Bitcoin Financial Strategy

2025/06/01 23:25
CoinPost
Written by L.Kikutani
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Trump Media Completes Fundraising of Approximately 350 Billion Yen, Initiates Bitcoin Financial Strategy

Fundraising Completed

On May 30, Trump Media & Technology Group announced the completion of a private placement targeting about 50 institutional investors. The company operates the social media platform 'Truth Social', the streaming service 'Truth+', and the fintech solution 'Truth.Fi'.

The total amount raised reached approximately $2.44 billion, with a net amount of about $2.32 billion allocated to the financial strategy for Bitcoin (BTC) and general corporate purposes.

CEO and Chairman Devin Nunes stated, 'We are focused on acquiring premium assets, and this transaction provides us the financial freedom to execute our strategies.' The company's liquid assets now exceed $3 billion, benefiting shareholders...

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MAGAZINE
Iolite Vol.14

Iolite Vol.14

July 2025 issueReleased on 2025/05/30

Interview Iolite FACE vol.14 Charles Hoskinson, founder and CEO of Cardano/Input Output Global PHOTO & INTERVIEW Mariko Mabuchi Special feature: "Considerations on cryptocurrency-related policies in Japan and the US", "Blockchain guide from Japan", "Huge position liquidation occurs at Hyperliquid! A new, unanticipated crisis in decentralized finance", "Sakana AI, a generative AI startup from Japan that is attracting a lot of attention", "Prepare for a recession: correlation between finance and anomalies" Crypto Journey: "Web 3.0 from the perspective of the 'King of Debate'" Interview with Hiroyuki Special series: Virtual Nishi: "Cryptocurrency market trends and key points for interpreting them" Series: Tech and Future Toshinao Sasaki, etc.

MAGAZINE

Iolite Vol.14

July 2025 issueReleased on 2025/05/30
Interview Iolite FACE vol.14 Charles Hoskinson, founder and CEO of Cardano/Input Output Global PHOTO & INTERVIEW Mariko Mabuchi Special feature: "Considerations on cryptocurrency-related policies in Japan and the US", "Blockchain guide from Japan", "Huge position liquidation occurs at Hyperliquid! A new, unanticipated crisis in decentralized finance", "Sakana AI, a generative AI startup from Japan that is attracting a lot of attention", "Prepare for a recession: correlation between finance and anomalies" Crypto Journey: "Web 3.0 from the perspective of the 'King of Debate'" Interview with Hiroyuki Special series: Virtual Nishi: "Cryptocurrency market trends and key points for interpreting them" Series: Tech and Future Toshinao Sasaki, etc.