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🔥 Crypto News – May 27, 2025
🚨 Trump Media to Buy $2.5 Billion in Bitcoin
Trump Media & Technology Group (TMTG), led by former U.S. President Donald Trump, announced plans today to raise $2.5 billion through a mix of stock and convertible bond offerings.
💰 The funds will be used to establish a strategic Bitcoin reserve, positioning TMTG as one of the largest public companies holding BTC in the U.S.
#BTC# #ETH# #SOLANA#
🗣️ TMTG CEO Devin Nunes stated:
“This move places Bitcoin at the core of our financial strategy and protects the company from discriminatory actions by traditional financial institutions.”
📊 Why it matters:
Massive institutional buy pressure could push BTC price up.
Reinforces Bitcoin as a treasury asset alongside gold and cash.
May inspire other companies to follow suit.
🔎 As of now, Bitcoin is trading near $109,000, recovering momentum after a short-term consolidation phase.