TMTG Moves to Build a Major Bitcoin Reserve
Trump Media & Technology Group (TMTG), the media venture founded by President Donald Trump, has unveiled plans to raise $2.5 billion to invest directly in Bitcoin. This bold initiative is designed to create a significant Bitcoin reserve, signaling a dramatic pivot in the company’s financial approach.
The capital raise includes:
- A $1.5 billion private placement of common shares
- $1 billion in convertible senior secured notes
Nearly 50 institutional investors are backing the move, with the fundraising expected to close by May 29, 2025. Once secured, the Bitcoin holdings will sit alongside TMTG’s existing cash and short-term assets, which totaled $759 million at the close of Q1 2025.
Embracing Crypto for Financial Sovereignty
Devin Nunes, CEO of TMTG, described Bitcoin as “an apex instrument of financial freedom.” He emphasized that the investment reflects a strategic effort to protect the company against potential bias from traditional financial institutions. TMTG will store the cryptocurrency with trusted platforms Anchorage Digital and Crypto.com to ensure security.
This development dovetails with President Trump’s broader goal of turning the United States into the global epicenter for digital currency innovation. Since returning to office in 2025, Trump has pushed pro-crypto policies, including the creation of a U.S. Strategic Bitcoin Reserve and appointing David O. Sacks as the nation’s AI and Crypto Czar.
Stirring Controversy Amid Growing Crypto Momentum
Despite the enthusiasm, the plan has raised some eyebrows. The capital infusion will dilute the Trump family’s stake in TMTG from 52% to 41%, possibly weakening their influence over company decisions.
Ethics experts have also voiced concerns about potential conflicts of interest, pointing to Trump’s past ventures in the crypto space, including launching the $TRUMP memecoin and establishing World Liberty Financial. These moves blur the lines between his presidential responsibilities and private business ambitions.
Still, the market has responded positively. Bitcoin saw a noticeable price bump following the announcement, highlighting investor confidence in the growing fusion of politics and crypto finance.
