Core Viewpoint - Trump Media & Technology Group's stock has dropped 16.7% despite a rise in major indices, following the announcement of a new Bitcoin accumulation strategy [1][5] Group 1: Company Strategy - Trump Media is raising $2.5 billion through a private placement, consisting of $1.5 billion in common stock and $1 billion in convertible notes, to create the largest Bitcoin reserve held by a private company [2] - The proceeds from this fundraising will be used to purchase Bitcoin, which will be held as a core Treasury asset [3] Group 2: Market Context - The announcement coincided with the Bitcoin 2025 Conference in Las Vegas, indicating a strategic alignment with industry events [3] - The company's market cap is nearly $5 billion, but it reported only $820,200 in sales last quarter, highlighting a significant disparity between market valuation and actual revenue [5] Group 3: Leadership Perspective - CEO Devin Nunes framed the Bitcoin strategy as a hedge against "financial discrimination" and emphasized Bitcoin as "the apex instrument of financial freedom" [5]