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The Independent UK
The Independent UK
Technology
Anthony Cuthbertson

Trump Media plans $2.5 billion bitcoin reserve

Trump Media Bitcoin Donald Trump Crypto
A cryptocurrency exchange office with a screen featuring US President Donald Trump holding cryptocurrency coins in Hong Kong on 12 March, 2025 - (Mladen Antonov / AFP via Getty Images)

Donald Trump’a media company has announced plans to establish a bitcoin reserve by selling $2.5 billion (£1.85bn) of its stock to institutional investors.

The Trump Media and Technology Group, which operates the Truth Social platform, said about 50 institutional investors will put up $1.5 billion in the private placement for common shares in the company and another $1 billion for convertible senior notes

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