Latest news with #Nunes
Yahoo
4 days ago
- Business
- Yahoo
Trump Media Raises $2.5B for Bitcoin Treasury Strategy
Trump Media and Technology Group Corp. (DJT) announced a $2.5 billion fundraise from institutional investors to create one of the largest Bitcoin treasury allocations by a public company, according to a press release. The company entered subscription agreements with approximately 50 institutional investors for $1.5 billion in common stock and $1 billion in convertible notes, according to the filing. DJT shares fell 10% following Tuesday's announcement and dropped another 1.9% as of midday Wednesday. The Bitcoin treasury strategy represents Trump Media's expansion from a social media platform into financial services, positioning the company to capitalize on cryptocurrency adoption while building reserves outside traditional banking systems. The offering is expected to close May 29, according to the company. Trump Media intends to use proceeds entirely for Bitcoin purchases, which will be held alongside $759 million in existing cash and short-term investments as of the first quarter. CEO Devin Nunes called Bitcoin an "apex instrument of financial freedom" in the announcement. The move aims to "defend our Company against harassment and discrimination by financial institutions," according to Nunes. and Anchorage Digital will provide custody services for the Bitcoin holdings, according to the filing. The same partnership recently enabled Trump Media's planned exchange-traded fund launch through its brand. Read More: Trump Media and Team Up for ETF Launch The fundraising follows Trump Media's broader financial services push, including trademark filings for three ETFs under the Made in America ETF, the U.S. Energy Independence ETF and the Bitcoin Plus ETF. Those funds will combine digital assets with "Made in America" securities across multiple sectors. The company plans to invest up to $250 million of its own reserves into these products through Charles Schwab as custodian, according to previous filings. Bitcoin custody will be split between and Anchorage Digital. Trump Media operates the Truth Social and Truth+ streaming platforms alongside its expanding financial brand. The company reported $3.6 million in revenue and a $400 million net loss in 2024, according to CNBC. The Bitcoin allocation joins a growing trend of politically aligned businesses converting corporate treasuries to cryptocurrency. Michael Saylor's Strategy Inc. (MSTR) popularized the strategy, holding over $40.6 billion in Bitcoin as of May 25, according to a company | © Copyright 2025 All rights reserved
Yahoo
4 days ago
- Business
- Yahoo
Trump Media announces $2.5B deal to create bitcoin treasury
The Trump Media and Technology Group on Tuesday announced a $2.5 billion deal with institutional investors to create a bitcoin treasury. The company said in a release that the deal, which is expected to close by about Thursday, May 29, will feature a $1.5 billion stock issuance as well as $1 billion in convertible notes. The $2.5 billion deal is being carried out through a private placement offering and will finance the creation of the bitcoin treasury. Trump Media is the parent company of social media app Truth Social. "We view bitcoin as an apex instrument of financial freedom, and now Trump Media will hold cryptocurrency as a crucial part of our assets," said Trump Media CEO Devin Nunes. Trump Media And Partner On Etf Offerings Nunes explained that the company views the cryptocurrency treasury as a way to secure Trump Media from financial institutions that could harass or discriminate against the firm. Read On The Fox Business App "Our first acquisition of a crown jewel asset, this investment will help defend our Company against harassment and discrimination by financial institutions, which plague many Americans and U.S. firms, and will create synergies for subscription payments, a utility token, and other planned transactions across Truth Social and Truth+," Nunes said. "It's a big step forward in the Company's plans to evolve into a holding company by acquiring additional profit-generating, crown jewel assets consistent with America First principles," Nunes added. Trump Media Shares Surge After Company Announces Expansion Into Financial Services and Anchorage Digital will provide custody services for Trump Media's bitcoin treasury. Trump Media stock declined about 10% during the trading session as of Tuesday morning. In January, Trump Media announced plans to launch which will offer financial services and products, including multiple investment vehicles, that it said will be rolled out this year. Trump Media in March partnered with to offer exchange-traded funds (ETFs), including ETFs focused on digital assets and a basket of cryptocurrencies, including article source: Trump Media announces $2.5B deal to create bitcoin treasury Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Scottish Sun
25-05-2025
- Sport
- Scottish Sun
Man City and Nottingham Forest could be set for stunning player transfer swap as Pep Guardiola begins to re-shape squad
Scroll down to see the two stars' stats NOTT BAD Man City and Nottingham Forest could be set for stunning player transfer swap as Pep Guardiola begins to re-shape squad Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) MATHEUS NUNES could be off to Nottingham Forest — sparking an all-change summer at the Etihad. And that could grease the wheels for Manchester City's hopes of moving Morgan Gibbs-White, 25, in the opposite direction. Sign up for Scottish Sun newsletter Sign up 4 Matheus Nunes has been primarily used at full-back this season Credit: Getty 4 Morgan Gibbs-White has impressed for Nottingham Forest Credit: Alamy Nunes, 26, is on the wish list for Forest chief Nuno Espirito Santo, who is a big fan of the £53million Portuguese midfielder. City sources claim they would be prepared to cut their losses and let Nunes go for around £35m. A deal for England midfielder Gibbs-White would cost almost double that and Nunes could prove a useful bargaining chip. Nunes has played 25 times in the Premier League this season, including 18 starts. Many of his appearances have come as a full-back, rather than in midfield. Last month, Pep Guardiola raised eyebrows by claiming that Nunes was not "clever enough" to play in the middle of the park. The 54-year-old said of Nunes after his side's 0-0 bore draw with Manchester United: "He can become a good right-back for his physicality. "I think he's not a player to play in midfield because he's not clever enough, in the composure, but he has incredible skills and he's learning a lot. CASINO SPECIAL - BEST CASINO BONUSES FROM £10 DEPOSITS "The big mistake of full-backs is when you have the cross to the far post where you are, they are always sleeping. "But he defended really well two or three crosses, like when Bruno [Fernandes] put it to the far post for [Patrick] Dorgu. Watch Ashley Cole's inspirational speech as presents England new boys Gomes and Gibbs-White with legacy caps "He has the attention and the physicality to do it, so he can play in that position and help us a lot." Gibbs-White, meanwhile, has excelled at Forest this season. The 25-year-old has scored seven goals and laid on 10 assists in 33 Prem outings. His performances have earned him a place in Thomas Tuchel's latest England squad. 4
Herald Sun
23-05-2025
- Sport
- Herald Sun
South Australian jockey Manoel Nunes returns to riding after ‘painful' health scare
Don't miss out on the headlines from Horse Racing. Followed categories will be added to My News. Manoel Nunes is back in the saddle at Murray Bridge on Saturday, after a bout of kidney stones kept the Group 1-winning hoop sidelined during the Adelaide racing carnival. Nunes competed on Sangster Stakes day on April 26, but found himself in a Singapore hospital earlier this month during a quick trip back to the region to visit his girlfriend. • PUNT LIKE A PRO: Become a Racenet iQ member and get expert tips – with fully transparent return on investment statistics – from Racenet's team of professional punters at our Pro Tips section. SUBSCRIBE NOW! Nunes, 48, woke up in agony during the early hours of the morning, before being rushed to the emergency room. 'I was in the hotel at 4am, sleeping, and suddenly I woke up in a lot of pain,' Nunes said. 'The pain was really bad, I couldn't breathe, I rang my girlfriend, luckily she answered the phone. 'I was crying in pain, it was very, very painful, 'she said what's happened?', I said 'please come here, and bring me to the hospital'. 'I couldn't explain to her, I got off the phone and about half an hour later she got to the hotel and took me to the emergency in Singapore. 'I discovered I had kidney stones, straightaway they put me on a drip, they did a CT scan, and one of them had dropped, that's the one that was causing the pain. 'They removed a lot of stones from the kidneys, it was very painful.' • Crowther targets return to saddle from nasty injury With the SA Derby (May 3) only days away, the episode saw Nunes miss the meeting and Goodwood day the following week, in a stroke of ill-luck for the Brazilian hoop. He was in hospital for a day and a half, and returned to Adelaide last week. 'I couldn't ride for about two weeks,' he said. 'I went there to do a few things and come back for the Derby meeting, I had no intention to miss it but then that happened.' Nunes has been a welcome addition to Adelaide's riding ranks, the multiple premiership winner in Singapore and Macau has notched 25 city winners after making a move to South Australia in October following the closure of racing in Singapore. Nunes is booked for five rides on Saturday's nine-race card at Murray Bridge. 'I love what I'm doing, I love my job, you feel a little bit upset when you watch the races and cannot ride. I'm very happy to come back on Saturday,' he said. 'Adelaide is a very quiet place, I'm in Glenelg, it's a beautiful spot. I'm very happy to be here.' Nunes made the move to Adelaide on his own, his partner still lives and works in Singapore and visits him as often as she can. Manoel Nunes winning aboard Vintage Star at Morphettville. Picture: Makoto Kaneko • Asfoora completes crucial gallop ahead of shot at history Singapore-owned horses Bakeel, Makin, Ghalib and Asif, owned by Mansoor Gandhi, are being transferred from Adelaide to Perth after stints with Angaston trainers Aaron Bain and Ned Taylor. Nunes has a strong affiliation with the quality gallopers, but never entertained a move to Western Australia himself. 'Obviously when the horses run, maybe I get on the plane and ride the horses for him (Mansoor),' Nunes said. 'But no, it never come to my mind to go and move there, you never say no, but so far now it hasn't passed my mind to move to Perth.' 'I appreciate the support from the trainers and owners who support me. 'And of course Damien (Wilton) my manager, who has hooked me up with stables from Melbourne and Sydney. 'When they come over they put me on – I'm very happy with that.' Originally published as Brazilian jockey Manoel Nunes returns to riding after suffering from kidney stones that left him 'crying in pain'
Courier-Mail
23-05-2025
- Sport
- Courier-Mail
South Australian jockey Manoel Nunes returns to riding after ‘painful' health scare
Don't miss out on the headlines from Horse Racing. Followed categories will be added to My News. Manoel Nunes is back in the saddle at Murray Bridge on Saturday, after a bout of kidney stones kept the Group 1-winning hoop sidelined during the Adelaide racing carnival. Nunes competed on Sangster Stakes day on April 26, but found himself in a Singapore hospital earlier this month during a quick trip back to the region to visit his girlfriend. • PUNT LIKE A PRO: Become a Racenet iQ member and get expert tips – with fully transparent return on investment statistics – from Racenet's team of professional punters at our Pro Tips section. SUBSCRIBE NOW! Nunes, 48, woke up in agony during the early hours of the morning, before being rushed to the emergency room. 'I was in the hotel at 4am, sleeping, and suddenly I woke up in a lot of pain,' Nunes said. 'The pain was really bad, I couldn't breathe, I rang my girlfriend, luckily she answered the phone. 'I was crying in pain, it was very, very painful, 'she said what's happened?', I said 'please come here, and bring me to the hospital'. 'I couldn't explain to her, I got off the phone and about half an hour later she got to the hotel and took me to the emergency in Singapore. 'I discovered I had kidney stones, straightaway they put me on a drip, they did a CT scan, and one of them had dropped, that's the one that was causing the pain. 'They removed a lot of stones from the kidneys, it was very painful.' • Crowther targets return to saddle from nasty injury With the SA Derby (May 3) only days away, the episode saw Nunes miss the meeting and Goodwood day the following week, in a stroke of ill-luck for the Brazilian hoop. He was in hospital for a day and a half, and returned to Adelaide last week. 'I couldn't ride for about two weeks,' he said. 'I went there to do a few things and come back for the Derby meeting, I had no intention to miss it but then that happened.' Nunes has been a welcome addition to Adelaide's riding ranks, the multiple premiership winner in Singapore and Macau has notched 25 city winners after making a move to South Australia in October following the closure of racing in Singapore. Nunes is booked for five rides on Saturday's nine-race card at Murray Bridge. 'I love what I'm doing, I love my job, you feel a little bit upset when you watch the races and cannot ride. I'm very happy to come back on Saturday,' he said. 'Adelaide is a very quiet place, I'm in Glenelg, it's a beautiful spot. I'm very happy to be here.' Nunes made the move to Adelaide on his own, his partner still lives and works in Singapore and visits him as often as she can. Manoel Nunes winning aboard Vintage Star at Morphettville. Picture: Makoto Kaneko • Asfoora completes crucial gallop ahead of shot at history Singapore-owned horses Bakeel, Makin, Ghalib and Asif, owned by Mansoor Gandhi, are being transferred from Adelaide to Perth after stints with Angaston trainers Aaron Bain and Ned Taylor. Nunes has a strong affiliation with the quality gallopers, but never entertained a move to Western Australia himself. 'Obviously when the horses run, maybe I get on the plane and ride the horses for him (Mansoor),' Nunes said. 'But no, it never come to my mind to go and move there, you never say no, but so far now it hasn't passed my mind to move to Perth.' 'I appreciate the support from the trainers and owners who support me. 'And of course Damien (Wilton) my manager, who has hooked me up with stables from Melbourne and Sydney. 'When they come over they put me on – I'm very happy with that.' Originally published as Brazilian jockey Manoel Nunes returns to riding after suffering from kidney stones that left him 'crying in pain'
