Latest news with #TrumpMedia&TechnologyGroupCorp
Economic Times
4 days ago
- Business
- Economic Times
Trump Media raises $2.44 billion for Bitcoin treasury plan
Synopsis Trump Media & Technology Group Corp. secured approximately $1.44 billion through stock sales and $1 billion in convertible bonds, earmarking the funds to establish a Bitcoin treasury. Following the announcement, the company's shares experienced a rise, with the deal providing over $3 billion in liquid assets and Bitcoin exposure to shareholders. Crypto.
Yahoo
7 days ago
- Business
- Yahoo
Why Trump Media & Technology Group Corp (DJT) Went Down On Tuesday
We recently published a list of In this article, we are going to take a look at where Trump Media & Technology Group Corp (NASDAQ:DJT) stands against other worst-performing stocks. Trump Media fell by 10.38 percent on Tuesday to end at $23.05 apiece as investors soured on its plans to raise $2.5 billion through the issuance of more shares to invest in Bitcoin. According to the company, it plans to raise $1.5 billion from selling shares, while the remaining $1 billion will be raised through convertible notes priced at a 35-percent premium. Meanwhile, the Bitcoins will be held on Trump Media & Technology Group Corp.'s (NASDAQ:DJT) balance sheet alongside existing cash and short-term investments totaling $759 million. Crypto platforms and Anchorage Digital will provide custody for the Bitcoin holdings. 'We view bitcoin as an apex instrument of financial freedom,' said Trump Media & Technology Group Corp. (NASDAQ:DJT) CEO Devin Nunes. He also hailed the move as a 'big step forward' in the firm's plan to acquire 'crown jewel assets consistent with America First principles.' Overall, DJT ranks 2nd on our list of worst-performing stocks. While we acknowledge the potential of DJT, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than DJT and that has 10,000x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. 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
Yahoo
7 days ago
- Business
- Yahoo
Why Trump Media & Technology Group Corp (DJT) Went Down On Tuesday
We recently published a list of In this article, we are going to take a look at where Trump Media & Technology Group Corp (NASDAQ:DJT) stands against other worst-performing stocks. Trump Media fell by 10.38 percent on Tuesday to end at $23.05 apiece as investors soured on its plans to raise $2.5 billion through the issuance of more shares to invest in Bitcoin. According to the company, it plans to raise $1.5 billion from selling shares, while the remaining $1 billion will be raised through convertible notes priced at a 35-percent premium. Meanwhile, the Bitcoins will be held on Trump Media & Technology Group Corp.'s (NASDAQ:DJT) balance sheet alongside existing cash and short-term investments totaling $759 million. Crypto platforms and Anchorage Digital will provide custody for the Bitcoin holdings. 'We view bitcoin as an apex instrument of financial freedom,' said Trump Media & Technology Group Corp. (NASDAQ:DJT) CEO Devin Nunes. He also hailed the move as a 'big step forward' in the firm's plan to acquire 'crown jewel assets consistent with America First principles.' Overall, DJT ranks 2nd on our list of worst-performing stocks. While we acknowledge the potential of DJT, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than DJT and that has 10,000x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
7 days ago
- Business
- Yahoo
Trump Media Announces a $2.5 Billion Private Placement to Fund a New Bitcoin Treasury
Trump Media & Technology Group Corp. (NASDAQ:DJT) has announced today a $2.5 billion private placement to build one of the largest corporate Bitcoin treasuries to date. The deal, backed by approximately 50 institutional investors, includes $1.5 billion in common equity and $1.0 billion in zero-coupon convertible notes. The DJT intends to use the proceeds to increase its liquid funds to over $3.0 billion and fund the creation of its Bitcoin treasury, which will position the company as both a media operator and digital-asset holding entity. CEO Devin Nunes described the Bitcoin investments as both an attempt to hedge against "harassment" from financial institutions and lay the foundation for future monetization strategies across the company's main products - Truth Social, Truth+, and the upcoming platform. The move also introduces Bitcoin exposure to the company, which is a double-edged sword - on one hand, it is now tied to the Bitcoin appreciation potential, but on the other hand, it will be exposed to the pronounced volatility of the cryptocurrency market. The announcement by Trump Media & Technology Group Corp. (NASDAQ:DJT) comes days after Bitcoin broke a new all-time high above $111,000. For crypto investors, this event can be treated as an indirect signal into Bitcoin's price potential in the current bull market, especially as President Trump has some aces up his sleeve that could push Bitcoin's price even higher. Trump already signed an act to create a strategic reserve of Bitcoin for the US Government, and has the power to increase the limit of the reserve at any time. The US Government reportedly owns 200,000 Bitcoins, while previously blocked proposals were for a reserve as high as 1,000,000 Bitcoins. DJT company operates the social platform Truth Social, aiming to promote free speech and build an alternative digital ecosystem. While we acknowledge the potential of DJT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than DJT and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: and Disclosure: None.
Time of India
30-04-2025
- Business
- Time of India
Trump's first 100 days spark MAGA meltdown: Tesla crashes 32%, dollar drops 9%
US President Donald Trump's first 100 days back in the White House have wiped out trillions in market value, battered the U.S. dollar, and unraveled the once-hyped 'MAGA trade.' As of April 29, the S&P 500 is down 7% since Trump's January 20 inauguration, the dollar index has dropped over 9%, and Tesla has plummeted 31.5%—one of the steepest declines among high-profile stocks that once symbolized investor euphoria over Trump's return. Wall Street's early optimism post-election has sharply reversed, as Trump's aggressive tariff agenda and erratic policymaking fuel volatility and uncertainty. The result: investors are dumping U.S. equities and bonds in what brokers are now calling the 'Sell America' trade. Tesla, Trump Media Among Hardest Hit Tesla, once viewed as a resilient growth story, has emerged as one of the biggest casualties. The EV giant's shares have tumbled 31.5% amid slumping sales, weak earnings, and rising concerns over Elon Musk's political alignment with the administration. Trump Media & Technology Group Corp—the parent of Truth Social—has fallen 37.6% since Inauguration Day as regulatory scrutiny intensifies and user growth stalls. MAGA Seven: From Surge to Slump Stocks that soared in the postelection rally—dubbed the 'MAGA Seven'—have since reversed course. Live Events Robinhood Markets plunged 28.7% in Trump's first 50 days but has recovered modestly and now trades 2.5% above its January 20 level. Coinbase Global has lost 30%, with crypto markets still under pressure. MicroStrategy, recently rebranded as Strategy, pared its early 38.5% drop to a 4% loss, reflecting its volatile Bitcoin bet. AppLovin Corp is down 15.6%, Ubiquiti Inc has dropped 20%, and Williams-Sonoma has declined 24%. Phunware Inc—a former meme-stock favorite and election-season gainer—has crashed 45%, erasing most of its late 2024 gains. Dollar Dump Accelerates Investors have also turned bearish on the greenback. Net short positions on the U.S. dollar have surged to 89,200 contracts, a sharp reversal from 425,000 net long contracts held when Trump returned to office, according to International Monetary Market data. 'Since Donald Trump was sworn in... the U.S. Dollar Index (DXY) has declined by a little over 9%, while the USDINR has eased from 86.50 to around 85.00,' said Anindya Banerjee, Senior Vice President and Head of Research – Currency, Commodity & Interest Rates at Kotak Securities. 'Trump's 'America First' policy, reintroduced during his first 100 days, symbolizes a reversal of the U.S.-led globalization model that gained traction since the 1970s, largely driven by dollarization. This shift has had profound implications for global trade and capital flows,' Banerjee added. He noted that the ongoing trade war—especially with China—has not only raised the risk of a potential U.S. recession but also dented confidence in the dollar's global dominance. Economic Optimism Fades Although Trump campaigned on restoring affordability and reviving pre-pandemic economic strength, his first 100 days have been marked by confrontation and disruption. His administration's aggressive tariff push—described by Trump as a return to a 'beautiful' era of U.S. economic might—has rattled global supply chains. The International Monetary Fund has slashed U.S. growth forecasts, and the Federal Reserve has reported stalled hiring across sectors. Walmart's CEO reportedly warned Trump that his trade policies could bring supply chains to a standstill by summer. Airlines are trimming capacity, major firms are downgrading forecasts, and retailers are pulling back from Chinese imports as they brace for more shocks in the second half of the year.
