Trump Media Plows $2.5B Into Bitcoin—Wall Street’s Latest Crypto Bandwagon Jump

Another corporate giant catches FOMO. Trump Media just secured a staggering $2.5 billion war chest—all earmarked for Bitcoin. Because nothing says ’financial strategy’ like chasing the volatile crypto train after a 200% rally.

Gold rush? More like a desperation sprint. While legacy firms dither, Trump’s outfit joins the ranks of Tesla and MicroStrategy—betting big on digital gold. Because when your core business stagnates, why not YOLO into the most speculative asset class?

Market watchers smirk. ’Brilliant timing—right at the top,’ quips one hedge fund manager. Meanwhile, Bitcoin maximalists cheer. The institutional floodgates creak wider open.

One thing’s certain: when the tide turns, the exit doors will be crowded. For now? The casino stays open—and the house always wins.

Trump Media & Technology Group (TMTG), the owner of Truth Social and part-owned by former U.S. President Donald Trump, has announced a $2.5 billion capital raise — earmarked for purchasing Bitcoin.

According to a May 27 press release, the raise includes a $1.5 billion equity sale and $1 billion in 0% coupon convertible senior secured bonds, with the deal expected to close by May 29. TMTG CEO Devin Nunes framed the investment as both strategic and ideological.

“We view Bitcoin as an apex instrument of financial freedom, and now Trump Media will hold cryptocurrency as a crucial part of our assets,” Nunes said. “This investment will help defend our company against harassment and discrimination by financial institutions.”

The move positions TMTG alongside a growing group of corporations and investment firms embracing Bitcoin as a hedge, a treasury reserve, or a speculative bet — depending on who you ask.

Bitcoin remained flat on the news, trading at $108,800, Source: BNC Liquid Index

But not everyone was impressed. Shares of TMTG (trading under DJT) tanked over 12% on the news, falling to around $23.60. The market appeared skeptical of the company’s crypto pivot, especially amid continued volatility and past criticisms of Trump’s own financial ventures.

Adding fuel to the fire, TMTG dismissed pre-announcement coverage by the Financial Times with a characteristic Trumpian swipe:

“Apparently, the Financial Times has dumb writers listening to even dumber sources,” the company’s spokesperson told the FT.

The Bitcoin Treasury Club Grows

TMTG isn’t alone in its bitcoin buying spree. In May alone, a handful of companies made headlines for expanding their Bitcoin treasuries:

• MicroStrategy, led by permabull Michael Saylor, added another 4,020 BTC on May 26, according to SaylorTracker.

• Semler Scientific, a health tech firm, disclosed it purchased 455 BTC worth over $50 million in a May 23 filing.

• MetaPlanet, often dubbed “Japan’s MicroStrategy,” added 1,004 BTC to its reserves on May 19.

• And Strive Asset Management, the investment firm co-founded by political firebrand Vivek Ramaswamy, announced a $750 million raise with plans to scoop up distressed crypto assets, biotech plays, and Bitcoin credit instruments. CEO Matt Cole suggested that the full amount — potentially doubling to $1.5 billion through warrants — could be allocated to Bitcoin.

“Our alpha-generating Bitcoin accumulation strategies are designed to drive sustained outperformance relative to Bitcoin itself,” Cole said, noting the firm’s departure from traditional valuation models.

The Bigger Picture: Institutions Are Coming

Market analyst Jesse Myers believes these moves aren’t isolated stunts but part of a macro trend. In a May 22 post on X, he predicted that by 2045, institutions could control half the Bitcoin supply, driven by growing distrust in fiat and a shift toward “hard money” assets like BTC and gold.

“An exodus from fiat assets — bonds and money — has already begun,” Myers wrote. “Bitcoin is where things are shifting.”

Capital is flowing from Fiat to hard money assets, Source: X

Bitcoin Treasury Companies on track to own 50% of Bitcoin by 2045, Source: X

As the digital asset matures into a globally relevant financial instrument, TRUMP Media’s bombshell Bitcoin bet might look reckless today — or visionary tomorrow. Stack those sats if you can.