Trump Media's $2.5 Billion Bitcoin Treasury Deal Closure
Note:
Trump Media & Technology Group is expected to finalize a $2.5 billion fundraising initiative to establish a Bitcoin treasury, marking one of the largest corporate Bitcoin acquisitions to date.
Extended description:
Trump Media Secures $2.5 Billion in Private Funding to Build Bitcoin Treasury
Trump Media & Technology Group, the company behind Truth Social, Truth+ streaming, and the upcoming FinTech brand Truth.Fi, has announced a major financial move: the company has secured approximately $2.5 billion through a private funding round involving around 50 institutional investors.
As part of the deal, Trump Media will issue about $1.5 billion in common stock and $1.0 billion in convertible senior secured notes with a 0.00% interest rate. The transaction is expected to close by May 29, 2025, pending standard closing conditions.
Proceeds from the offering will be used to establish a substantial Bitcoin treasury, marking one of the largest crypto asset commitments ever made by a publicly traded company. This strategic investment supports Trump Media’s broader vision of becoming a diversified holding company that champions America First values.
CEO Devin Nunes highlighted the significance of this step, emphasizing that Bitcoin will play a central role in the company's financial strategy. According to Nunes, this move aims to protect the company from financial discrimination and enable new functionalities across its platforms, including subscription payments and future token-based services.
The convertible notes will be priced with a 35% premium over the last market value of the stock. When completed, the Bitcoin treasury will be added to Trump Media’s balance sheet, joining cash reserves and short-term investments totaling $759 million as of Q1 2025.
Yorkville Securities and Clear Street are acting as co-lead placement agents, with support from BTIG and Cohen & Company Capital Markets. Cantor Fitzgerald served as financial advisor, and legal support is being provided by Nelson Mullins and Reed Smith. Custody of the Bitcoin assets will be managed by Crypto.com and Anchorage Digital.
This initiative marks a pivotal shift in Trump Media’s business model, aligning digital assets with its mission to build a censorship-resistant, America First media and finance ecosystem.
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