Trump Media slips on plans to raise $2.5 billion to invest in bitcoin

** Shares of Trump Media 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 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