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This Week In Crypto
29 May 2025

Trump’s interests in the crypto sector widens further

Trump Media to buy $2.5bn worth of BTC, U.S. labor department reverse 401(k) guidance, Cantor launches BTC financing business. In this week’s trending Topics, we examine the key remarks from the most influential U.S. politicians attending Bitcoin 2025
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Trump Media establishes $2.5bn BTC treasury
Trump Media and Technology Group (TMTG), the parent company of Truth Social and Truth.Fi, announced it has secured nearly $2.5 billion in funding from about 50 institutional investors to establish a corporate Bitcoin treasury. The offering includes $1.5 billion in common stock and $1 billion in convertible notes, with the latter priced at a 35% premium. The funds will allow TMTG to purchase Bitcoin, which will be held alongside its existing $759 million in cash and investments. CEO Devin Nunes emphasized Bitcoin's role as a symbol of financial freedom, suggesting that holding crypto assets would protect the company from potential financial institution pressures and create new business opportunities, such as subscription payments and utility tokens within Truth Social and Truth+.
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