Trump Media Raises $2.44 Billion to Build Large Bitcoin Treasury
Trump Media & Technology Group (TMTG), the company behind the social media platform Truth Social, has completed a $2.44 billion private placement, aiming to create one of the largest Bitcoin treasuries of any publicly traded company in the United States.
55.8 Million Shares and $1 Billion in Zero-Coupon Bonds
The financing includes the sale of 55.8 million shares of common stock at $25.72 per share, representing approximately $1.44 billion, and $1 billion in 0% convertible bonds due in 2028, with a conversion price of $34.72 per share.
According to Trump Media, approximately $2.32 billion in net proceeds will be used to purchase Bitcoin (BTC) and fund general business operations. Custody partners include Crypto.com and Anchorage Digital, big names in the digital asset storage and security industry.
Bitcoin and the Vision of “Financial Freedom”
CEO Devin Nunes emphasized that the move demonstrates Trump Media’s long-term strategic commitment to cryptocurrencies and its goal of building an independent financial platform, in line with the company’s “America First” message. He described the accumulation of Bitcoin as a step towards “financial freedom” – a strategic direction in the changing global financial landscape.
The announcement comes shortly after Trump Media revealed plans to partner with Crypto.com to provide financial services and launch cryptocurrency ETFs, signaling its ambition to expand deeper into the Web3 and digital asset ecosystems.
Joining the Bitcoin Craze
By adding Bitcoin to its balance sheet, Trump Media joins a growing list of publicly traded technology and media companies — including MicroStrategy and GameStop — that are using equity and debt to accumulate Bitcoin as a strategic reserve asset.
The offering was led by Yorkville Securities and Clear Street, with Cantor Fitzgerald acting as financial advisor. Nelson Mullins served as legal counsel to Trump Media, and Reed Smith represented the placement agents.
DJT rebounds after sharp decline
Trump Media shares (ticker: DJT) rebounded on the news, recovering from a 10% drop earlier in the week. However, DJT is still down more than 36% year-to-date — reflecting the wide swings in market expectations for stocks linked to politics and cryptocurrencies.
Conclusion
Trump Media is making a bold but calculated move to reshape its financial model. As public companies seek independence from the traditional financial system, turning Bitcoin into a strategic asset is becoming increasingly popular – and now it seems Donald Trump wants to lead the way.
