Trump Media Raising $2.5B for Bitcoin Treasury Strategy

[OmegaStarScream]

It's always great to have more companies buying billions worth of bitcoin, but I think this kind of reassures everyone's about the Trump administration stance on bitcoin and crypto, although it's been sometime since we last heard anything about bitcoin from them. Your thoughts on the matter and the raising number of companies that are doing this?

Trump Media and Technology Group announced a $2.5 billion capital raise to create a bitcoin treasury.

The company said it has secured agreements with about 50 institutional investors for $1.5 billion in common stocks and $1 billion in convertible notes.

The news — initially reported on Monday by the FT — provided a modest but fleeting bump in both DJT stock and BTC.

[Doan9269]

This is a good news to hear of, at least they don't make a fake proclamation with their interest in bitcoin reserve, I also know of many institutions and corporate organization that have set bitcoin reserve their priority, ever since the last congress held at Washington concerning bitcoin reserve and everything is turning a positive moves now, after the long expectation on their next action towards this, let's also see if this could have a significant impact on the market renting it to all time high or something similar, we still await other countries follow same step as well as making bitcoin a legal tender just as El-Salvador did.

[Perfectbaby]

Never came across this news except as you shared here, and of course is a great news to the entire space. Usually it is nice and good steps to propel bitcoin to another height and for sure these are the kind of news to always shows the green light on the market since more institution and private company are unexpectedly turning back their heart to buy bitcoin in a large sum amount. I am also having the feeling that there are underneath news or information that could be flying beneath without people knowing their initial plans of what that  could be of bitcoin price before this year ends. Sometimes after verification of news I would surprised you seeing private sector accumulating bitcoin base on such news.

[Z-tight]

It's always great to have more companies buying billions worth of bitcoin,

Yeah it is, $2.5B is a huge allocation to purchase BTC, and i can read that Anchorage Digital and Crypto.com will be in charge of custody. Take note that earlier on in the year, they have already teamed up with Crypto.com to launch etf's later in the year, so we can say this company has been taking big decisions lately and we'll see how things turn out and if it will be a success.

we still await other countries follow same step as well as making bitcoin a legal tender just as El-Salvador did.

El Salvador already amended that law, and right now merchants no longer have to accept BTC if they don't want to, so we can say it is no longer a legal tender.

[Zanab247]

I know that Trump will not allow his campaign promise to be in Vail with Bitcoiners, and we have seen the hand work of his administration that made many companies to join hands together to invest such big amount of money in BTC. Do you think those companies will not achieve something meaningful from BTC? Yes they will, because they trust the first cryptocurrency which is BTC and they know their capital will going to multiple in the nearest future.

Since more group of companies are showing interest in BTC in the U.S  under  the Trump administration, I guess it will make the government to change their mind to make BTC their reserve soon.

[Doan9269]

El Salvador already amended that law, and right now merchants no longer have to accept BTC if they don't want to, so we can say it is no longer a legal tender.

From my view anyways, I think the legal tender status still remains, since they only make it clear that they can choose between, so as not to make it what they impose on the people, if we can remember, bitcoin came to serve as an alternative digital currency to fiat, making such statement by El-Salvador does not revoke it legal tender I think.

[hyudien]

This is the second time we have seen the Trump administration move quickly to give Bitcoin a lot of space, especially for its own companies. This could also encourage companies outside the US who might be interested in doing the same. At $2.5 billion, I am sure Trump and his administration are very serious about continuing to increase their interest in Bitcoin.

[Majestic-milf]

I know that Trump will not allow his campaign promise to be in Vail with Bitcoiners.

Don't be too confident over a politician. The fact that such a thing is going on doesn't mean that he'd keep all of his promises. Although with his influence, companies in the US are investing in Bitcoin but if I'm to be honest , I thought that with how vocal he was towards Bitcoin during his campaigning era , I felt that's the first thing he'd do when he got into office but it's not too late though.

[₿itcoin]

It's always great to have more companies buying billions worth of bitcoin, but I think this kind of reassures everyone's about the Trump administration stance on bitcoin and crypto, although it's been sometime since we last heard anything about bitcoin from them. Your thoughts on the matter and the raising number of companies that are doing this?

Trump Media and Technology Group announced a $2.5 billion capital raise to create a bitcoin treasury.

The company said it has secured agreements with about 50 institutional investors for $1.5 billion in common stocks and $1 billion in convertible notes.

The news — initially reported on Monday by the FT — provided a modest but fleeting bump in both DJT stock and BTC.

impressive! Trump Administration's making such kind of move into Bitcoin really admirable. He has been able to convince about 50 institutional investors on board, which is a pretty big deal. Honestly, it makes sense that you can't avoid Bitcoin's growth now, so sooner or later institutions should have to kiss Bitcoin

Trump is really smart enough to realize that Bitcoin will rule the future world,  thats probably why he is looking to establish a strategic Bitcoin reserve. I heard around, he appointed a crypto czar or something, don't know actually how it works, but it seems good to me.

I hope institutional adoption of Bitcoin will increase under Trump because who knows, he might end up officially legalizing Bitcoin as a strategic asset 

[avikz]

I can really see that the proactiveness of SEC has come down to its lowest level during Trump's administration. It is surely very positive for the crypto business landscape in US. But at the same time, I cannot cheer about the fact that big corporations are buying billions of dollars worth Bitcoin.

While I appreciate the liquidity flow into the crypto market. Bitcoin is slowly getting out of the reach of common people. We may not be able to realise this now, but if the buying trend continuous, in 5-7 down the line, corporates will be controlling the entire crypto market. That will not be good for us!

[NotFuzzyWarm]

Given Trumpolini's legal history I will never understand why folks & companies are so willing to throw money at his businesses... https://en.wikipedia.org/wiki/Personal_and_business_legal_affairs_of_Donald_Trump

From 1973 until he was elected president in 2016, Donald Trump and his businesses were involved in over 4,000 legal cases in United States federal and state courts, including battles with casino patrons, million-dollar real estate lawsuits, personal defamation lawsuits, and over 100 business tax disputes

Fact is that he manages to bankrupt most of his business ventures. 

[BitHodlers]

I would like to see a public tracker and an address. These news is positive, but we should always ask for information about alleged holdings after the fact. The way that Bitcoin is designed, it is very easy to be transparent about holdings without compromising any security.

It's always great to have more companies buying billions worth of bitcoin, but I think this kind of reassures everyone's about the Trump administration stance on bitcoin and crypto, although it's been sometime since we last heard anything about bitcoin from them.

True, but they have been busy with other things going on around the world. We still have to see any results of the budget neutral strategies for acquiring Bitcoin.

[MinoRaiola]

The statement today from trump media, made probably a small price push. In the short term this is positive, bitcoin becoming more popular skills and the demand is increasing. In the long term i find it better if more people owned bitcoin and it would spread so much more decentralized around the world. Imagine StrategyBTC would sell a large amount of his bitcoin, the price drops and the confidence of small investors would be worse.

[BIT-BENDER]

I still maintain my stand that we don't need to hear from a politician about Bitcoin or Crypto-currency before we get bullish, everyone is seeing the opportunities Bitcoin can create for them so if Trump or anything related to him is taking interest in Bitcoin then it is for their own good.
And why was Trump more vocal about Bitcoin and crypto-currency during his campaign than now that he is the president of The United States of America, I don't blame him and showing more interest there can get him love from the crypto-currency community.
Although I believe he may just be genuinely interested in Bitcoin I don't want to make it a big deal.

[kotajikikox]

It's always great to have more companies buying billions worth of bitcoin, but I think this kind of reassures everyone's about the Trump administration stance on bitcoin and crypto, although it's been sometime since we last heard anything about bitcoin from them. Your thoughts on the matter and the raising number of companies that are doing this?

Trump Media and Technology Group announced a $2.5 billion capital raise to create a bitcoin treasury.

The company said it has secured agreements with about 50 institutional investors for $1.5 billion in common stocks and $1 billion in convertible notes.

The news — initially reported on Monday by the FT — provided a modest but fleeting bump in both DJT stock and BTC.

I can say this is finally some good news from the US. We know their stance about crypto, we have known for quite a while but there hasn’t been a lot of actions taken. It started getting to a point where a lot of people questioned if they were actually gonna do anything about their promises.

For once, at least we are seeing them take some steps even if they are not there yet. Not everything can happen in one day so this is reassuring for lots of investors in the US, I am sure.

[adultcrypto]

It's always great to have more companies buying billions worth of bitcoin,

This have always been the wish of every bitcoiner, because the entry of more institutional funds into bitcoin will make bitcoin more acceptable and will further push us closer to mainstream adoption which is the ultimate destination. So, this is good news and I'm happy that Trump is keeping to his words and not play politics with bitcoin.

we still await other countries follow same step as well as making bitcoin a legal tender just as El-Salvador did.

El Salvador already amended that law, and right now merchants no longer have to accept BTC if they don't want to, so we can say it is no longer a legal tender.

If merchants are given the option of accepting Bitcoin if they want to, it does not mean that Bitcoin is no longer a legal tender unless you are saying they outrightly amended the law to state that Bitcoin is no longer a legal tender. I have not read anywhere that Bitcoin have stopped being a legal tender in El Salvador, maybe you should point me to one.

[BenCodie]

What is good is seeing companies add Bitcoin to their balance sheet. What I am not sure about is the debt vehicles that some are using to do so. While I have done some research which suggests (unless Bitcoin is lower than it is today) that it is a sound thing to do, something still doesn't feel right about it. Though, feelings are feelings. How cool is it seeing the top dawgs buy up Bitcoin like they've just realized it's a new store of value/reserve currency or something

[Catenaccio]

It's always great to have more companies buying billions worth of bitcoin, but I think this kind of reassures everyone's about the Trump administration stance on bitcoin and crypto, although it's been sometime since we last heard anything about bitcoin from them. Your thoughts on the matter and the raising number of companies that are doing this?

Just assume that he sees Bitcoin is good from individual, business to national scale, he would take advantage of his coming more friendly policy on Bitcoin and cryptocurrency at least in his presidency next four years, for his family benefit first.

Like accumulate bitcoins earlier than others who are still waiting for more friendly policies to be announced and enforced. His family can take advantage of his statements and market pumps & dumps for acquiring cheap stocks and cryptocurrencies as well.

Strategy did it years ago and Trump media is not a first company does this Bitcoin treasury, though it will have effects of making loud noise on social media and companies that are still considering will more likely make their decisions of officially joining this industry, following Trump Media's strategic steps.

[Mastercon]

Bitcoin to be used as money or store of value for as many people as possible right? of 300 million americans, how many will at some point fuck up their opsec with their seed phrase and literally lose all of their life savings irreversibly? 1%  is 3 million people. its not gonna work. a majority will need the safety net of custodial services. best case scenario is they employ a provable 1:1 backing which in my book is still orders of magnitude better than the current system. Turning 1 sat/vbyte from a cheap payment into an expensive one simply because bitcoin's price has been inflated isn't the win some people seem to think it is. and it certainly doesn't help us address the scaling problems. Unless he lets that blind spot get him over his skis he can probably continue to enrich himself without it biting him. what i do know is, the best way the government powers that be could have actually stopped bitcoin at any stage would have been to just buy it all and send it into the void.
It's just like saylor doesn't get that being limited in supply doesn't make something scarce. to be scarce, it needs to have demand. to have demand that isn't just a fad (like beanie babies), it needs to have utility. bitcoin's utility is that it works better as money than anything else the world has ever seen and over any previous 5 year period bitcoin has always been up (but yes, past performance is no guarantee of future results).

[Franctoshi]

It's always great to have more companies buying billions worth of bitcoin, but I think this kind of reassures everyone's about the Trump administration stance on bitcoin and crypto, although it's been sometime since we last heard anything about bitcoin from them. Your thoughts on the matter and the raising number of companies that are doing this?

Trump Media and Technology Group announced a $2.5 billion capital raise to create a bitcoin treasury.

The company said it has secured agreements with about 50 institutional investors for $1.5 billion in common stocks and $1 billion in convertible notes.

The news — initially reported on Monday by the FT — provided a modest but fleeting bump in both DJT stock and BTC.

This is indeed a good news for Bitcoin and its community, having such news while still on the bull run, indicates strong momentum and market healthiness.
The Trump administration is ensuring they make the US Bitcoin super power and the crypto capital of the world, and we're seeing it with our own very eyes how things are gradually taking shape and moving in that direction of Donald Trump campaign promises, a lot of good news poping out all around Bitcoin, and there's no doubt here that Bitcoin is the future of finance and investment.

When other countries must have realized what is really going on with the US stance on Bitcoin, Bitcoin wouldn't be no where near its current price and even when wall street must have fully got involved and at least put in 10% of their liquidity into Bitcoin.