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Get out now. Trump's social media company strikes deal to buy bitcoin: report [View all]
https://www.rawstory.com/trump-crypto-2672214788/Trump's social media company strikes deal to buy bitcoin: report
Krystina Alarcon Carroll
May 27, 2025 1:33PM
President Donald Trump’s social media company, Trump Media & Technology Group, is buying bitcoin, according to a Politico report.
The Media group is the parent company of Truth Social. Politico reports that the president is the controlling shareholder of the publicly traded company.
In a statement Tuesday, the company announced deals with about 50 large investors who will raise $2.5 billion for the company through stock and debt.
“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 Devin Nunes, Trump Media’s CEO, in the statement.
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