Trump Media slips on plans to raise $2.5 billion to invest in bitcoin
Shares of Trump Media DJT.O down 3.3% at $24.90, after hitting their lowest in more than one month
DJT enters agreements with institutional investors to raise about $2.5 billion for creation of bitcoin treasury, U.S. President Donald Trump's social media firm says
Financial Times reported on Monday that DJT to raise about $3 bln to buy cryptocurrencies
DJT to raise $2 billion in fresh equity and $1 billion more through convertible bond, report said
News comes one week after buyers of Trump's meme coin converged for exclusive dinner at his private country club
Trump family's cascade of new crypto ventures also include crypto exchange, stablecoin, bitcoin mining operation and digital asset ETFs, which have drawn criticism from Democratic lawmakers and government watchdog groups
Bitcoin BTC= was last trading at $110,286, after hitting record high of $111,965 last week
DJT has slumped 27% in 2025, after nearly doubling in value last year as traders bought stock as means to bet on Trump's victory in 2024 U.S. presidential election
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