Trump Media plans to create one of the largest corporate Bitcoin reserves
Trump Media & Technology Group, which owns Truth Social, said it will raise $2.5 billion from investors to purchase Bitcoin.
The president and his family partly own the media company.
The move follows other firms' investments in crypto as prices climb, marking the company's entry into the finance and crypto markets.
Trump Media plans to create one of the largest corporate Bitcoin reserves.
Despite going public last year, the company has struggled financially, with Truth Social earning less than $1 million in the last quarter and posting a $32 million loss.