In a move that can only be described as “hold my beer,” Trump Media has decided to sell a mountain of stock to snag over $2.3 billion worth of Bitcoin. Yes, you heard that right! This could catapult them into the elite club of the world’s largest BTC holders. 🎉
After the announcement, the company’s stock valuation did a little happy dance, but let’s be real—this could also stir up some political drama in the crypto world. For better or worse, the President’s name is now practically synonymous with Bitcoin. Who knew? 🤷♀️
Trump Media Goes Crypto Crazy!
President Trump has dabbled in more crypto ventures than I have in my closet, but this latest plan might just flip the whole industry on its head. Rumors were swirling earlier this week that Trump Media was eyeing Bitcoin, and surprise, surprise—they confirmed it! 🎊
Today, a shiny new press release dropped, revealing that things have moved faster than a tweet from the man himself:
“Trump Media announced today that it has closed its previously announced private placement offering with approximately 50 institutional investors. The offering consisted of [stock sales] with an aggregate purchase price of approximately $2.44 billion. Trump Media will use the approximately $2.32 billion in net proceeds from the offering to create a Bitcoin treasury,” it read.
Since MicroStrategy started this crypto craze, more companies are jumping on the Bitcoin bandwagon. Remember when Peter Schiff jokingly suggested Trump Media should buy Bitcoin after the 2024 election? Well, it looks like that joke just became a reality! 😂
Now, let’s not get too excited—there’s a bit of wiggle room in that press release, and not all proceeds might go to this Bitcoin stash. But hey, the third-largest corporate BTC holder, Riot, is sitting pretty with less than $2 billion. So, if Trump Media goes all in, they’ll be flexing a bigger reserve than anyone except Marathon or MicroStrategy. 💪
Since the Bitcoin news broke, Trump Media’s stock price has jumped about 4%. Bitcoin has been on a roll lately, showing consistent gains and reducing its volatility. It’s like the little cryptocurrency that could! 🚂
By diving into Bitcoin now, Trump’s private business is doubling down on an industry that’s been a key player in his political playbook. Talk about commitment! 💼
Of course, Trump Media has had its fair share of controversies, and this purchase might just add fuel to the fire. Crypto already makes up a hefty chunk of Trump’s net worth, which has drawn some serious side-eye from critics. 👀
This Bitcoin buy will further tie the cryptocurrency world to Trump’s personal brand, which may not be a winning strategy forever. But hey, who doesn’t love a little drama? 🎭
Read More
- Best Awakened Hollyberry Build In Cookie Run Kingdom
- AI16Z PREDICTION. AI16Z cryptocurrency
- Best Mage Skills in Tainted Grail: The Fall of Avalon
- Tainted Grail the Fall of Avalon: Should You Turn in Vidar?
- Nintendo Offers Higher Margins to Japanese Retailers in Switch 2 Push
- Nintendo Switch 2 Confirms Important Child Safety Feature
- Nintendo May Be Struggling to Meet Switch 2 Demand in Japan
- Top 8 UFC 5 Perks Every Fighter Should Use
- Nintendo Dismisses Report On Switch 2 Retailer Profit Margins
- Nvidia Reports Record Q1 Revenue
2025-05-30 20:11