President Donald Trump's media company intends to acquire $2.5 billion in Bitcoin as it partners with about 50 institutional investors for a $1.5 billion stock sale and $1 billion in convertible notes. This cryptocurrency investment is part of a broader strategy for financial freedom and asset protection, according to CEO Devin Nunes. The arrangement includes custody services from Crypto.com and Anchorage Digital, and comes amidst favorable regulatory conditions for cryptocurrencies initiated during Trump's administration, including the establishment of a federal cryptocurrency reserve.
"We view Bitcoin as an apex instrument of financial freedom, and now Trump Media will hold cryptocurrency as a crucial part of our assets."
"The Trump administration has softened the government's scrutiny of industry misconduct, with the Securities and Exchange Commission dropping lawsuits and investigations involving Coinbase, Kraken, and Robinhood."
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