Trump Media & Technology Group Corp. (DJT)
Trump Media's bitcoin bet expands family's growing crypto empire
CNBC's MacKenzie Sigalos reports from Las Vegas, where bitcoin's flagship event is in full swing and Trump Media has just unveiled a $2.5 billion bitcoin treasury — the latest move in the family's growing crypto empire.
Trump Media: Bitcoin Over Business
Trump Media's $2.5B stock and bond sale to fund a Bitcoin treasury is highly dilutive and does little to address its tiny revenue base. Despite flashy crypto moves, the company remains deeply unprofitable, with Q1 revenues under $1 million and ongoing cash burn. Valuation is extremely stretched, trading at over 1,800 times annual sales, far above industry peers like Meta and Rumble.
Trump Media to raise $2.5bn for bitcoin holdings
Trump Media & Technology Group Corp (NASDAQ:DJT) has announced plans to raise $2.5 billion from around 50 institutional investors, with proceeds earmarked for one of the largest bitcoin treasury allocations by a listed company. The deal includes $1.5 billion in equity and $1 billion in convertible notes.
Trump Media announces $2.5B deal to create bitcoin treasury
Trump Media's $2.5 billion bitcoin treasury deal with investors aims to safeguard against financial discrimination, enhancing Truth Social's financial strategy, CEO Devin Nunes says.
DJT stock rallies on report it'll dilute shareholders. That's odd but not in the world of crypto.
A report that Trump Media & Technology plans to dilute shareholders actually lifted its market value on Tuesday.
Trump media firm targets $3 billion crypto raise as conflict concerns grow
Donald Trump's media company is looking to raise $3 billion to invest in Bitcoin and other digital assets, intensifying concerns over potential conflicts of interest during his second term. The plan includes $2 billion in new equity and $1 billion through a convertible bond.
Trump Media plans $3B crypto push ahead of investor summit – FT
Trump Media & Technology Group Corp (NASDAQ:DJT), the company behind Truth Social and controlled by the Trump family, is seeking to raise $3 billion to invest in cryptocurrencies such as bitcoin, the Financial Times reported on Monday. The company plans to raise $2 billion through an equity offering and another $1 billion via a convertible bond, the report said.
Supreme Court rules against Trump administration in Alien Enemies Act case
The Supreme Court granted a request by Venezuelan nationals seeking to block their removal from the United States under the Alien Enemies Act. President Donald Trump said the court "WON'T ALLOW US TO GET CRIMINALS OUT OF OUR COUNTRY!
Trump Media reports narrower loss, sales gain in first quarter of Trump 2.0 era
The company wants to “expand robustly throughout the America First economy.”
Trump Media Narrows Loss, Looks to Continue Expanding
President Trump's media company narrowed its loss in the first quarter and said its cash on hand should provide it with the necessary runway to tackle its expansion plans.
Trump posts AI image of himself as pope on Truth Social
Donald Trump has posted an AI-generated image of himself dressed in papal regalia on his Truth Social platform - just 11 days after the death of Pope Francis.
Why Trump Media Stock Is Jumping Today
Shares of Trump Media (DJT 10.74%) are seeing big gains in Thursday's trading. The stock price was up 11.3% as of 3:30 p.m.
