Trump Media spends 2.32 billion dollars to buy Bitcoin! Rises to the 4th largest holding company in US stocks, DJT briefly rises over 10%.

Trump Media, a subsidiary of Trump, announced the completion of a $2.44 billion private placement and plans to invest $2.32 billion in bitcoin assets, becoming the fourth largest BTC holding company in the United States, and is managed by institutions such as Crypto.com. (Synopsis: Express" Trump Media announced that it spent $2.5 billion to buy bitcoin reserves, and BTC exceeded $110,000) (Background supplement: The Trump family embraces cryptocurrency "from hate": self-explosion has been blocked by banks and frozen capital transactions) Under Trump's active embrace of cryptocurrencies, its companies have also entered the crypto market strongly. On the 27th of this week, Trump Media and Technology Group (hereinafter referred to as Trump Media) announced that it would raise billions of dollars to buy bitcoin, and just yesterday (30), the company announced that it had completed a total of $2.44 billion in private financing and used $2.32 billion to build bitcoin reserves, making Trump Media one of the listed companies with the largest bitcoin assets. Trump Media Completes $2.44 Billion Fundraising According to the company's announcement, the private placement includes approximately 50 institutional investors and includes: 55,857,181 common shares at a unit price of $25.72, raising approximately $1.44 billion; $1 billion of 0% convertible corporate bonds at a conversion price of $34.72 per share Together, the two raised approximately $2.44 billion. Trump Media expects about $2.32 billion in net income to build a bitcoin treasury and support the company's operations and other day-to-day funding needs. Ranked among the fourth largest bitcoin whales in the US stock market If executed according to the plan, Trump Media will directly become the fourth largest bitcoin holding company in the US stock market, second only to: Strategy: Holds 580,250 BTC with a current value of about $60.14 billion MARA Holdings: Holds 48,137 BTC with a current value of about $4.989 billion XXI (full name Twenty One Capital): Holds 31,500 BTC with a current value of about $4.989 billion XXI (full name Twenty One Capital): Holds 31,500 BTC with a current value of about $3.264 billion surpassed miner Riot Platforms' $1.99 billion bitcoin holding. Devin Nunes, chairman and CEO of Trump Media, said the deal will give the company "financial freedom" and declared: This means that we will have more than $3 billion in liquidity, and shareholders will be able to invest indirectly in Bitcoin. This deal paves the way for the rapid expansion we have long envisioned, and we look forward to continuing to advance in the "America First" economic wave." Previously, he also said that the investment will create synergies for subscription payments, utility tokens, and other planned transactions on Truth Social and Truth+. To enhance asset security, Trump Media has appointed Crypto.com and Anchorage Digital as custodians of Bitcoin assets. The company had $759 million in cash and short-term investments at the end of the first quarter of 2025 and will be on its balance sheet alongside Bitcoin assets in the future. Trump Media shares rose more than 10% in response After the news was announced, Trump Media shares jumped more than 10% at one point, hitting a high of $22.41, and finally closed at $21.33, a one-day gain that converged to 2.4%. It remains to be seen whether the large-scale deployment of bitcoin reserves, which has enabled Trump Media to officially join the ranks of enterprises embracing crypto assets, will lead more companies to follow suit. Related stories Trump: The United States is the leader in Bitcoin, and he brought good news at the TRUMP Meme Dinner Party? Trump personally gave the White House badge key: Musk is not really leaving! Will serve as a "presidential adviser" to assist in reform Trump bombarded China's default and plans to sanction Chinese-funded subsidiaries! Bitcoin fell below 104,000 magnesium, semiconductors fell heavily 〈Trump Media smashed 2.32 billion magnesium to buy bitcoin! Promoted to the 4th largest coin holding company in the US stock market, DJT rose more than 10% in a short time" This article was first published in BlockTempo "Dynamic Trend - The Most Influential Blockchain News Media".