WASHINGTON, May  27, 2025 (BSS/AFP) - US President Donald Trump's social
media company announced Tuesday its plans to raise about $2.5 billion with an
eye to creating a "bitcoin treasury" and said cryptocurrency will be a key part of its assets.

Trump Media & Technology Group, which operates the Truth Social site, said
in a statement that it has entered into subscription deals with around 50
institutional investors.

Under these agreements, the company agreed to issue and sell about $1.5
billion in common stock and $1.0 billion in convertible senior secured notes,
in a private placement offering.

The offering is anticipated to close on or about May 29, the company said.
Its stock price slumped by 11 percent in morning trading.

"We view Bitcoin as an apex instrument of financial freedom, and now Trump
Media will hold cryptocurrency as a crucial part of our assets," said Trump
Media CEO Devin Nunes.

He added that the investment will "help defend our Company against
harassment and discrimination by financial institutions."

The firm also said it aims to expand its reach "throughout the America
First economy," adding that Crypto.com and Anchorage Digital will provide
custody for its bitcoin treasury.

Trump has vowed to make the United States the "crypto capital of the world."

Trump's newfound enthusiasm for digital currencies has expanded into
multiple ventures led primarily by his eldest sons.