Trump Media & Technology Group has announced plans to raise approximately $2.5 billion through a private placement. The aim is to create one of the largest corporate Bitcoin treasuries.
The company operates Truth Social and Truth+. It intends to acquire significant Bitcoin holdings alongside its reported $759 million in cash and equivalents as of the first quarter of 2025.
Capital raising round comprises $1.5 billion in common stock and $1 billion in convertible notes, priced at a 35% premium. Transaction should conclude by 29 May, with funds used to buy Bitcoin and grow company's crypto holdings.
Trump Media's CEO, Devin Nunes, described Bitcoin as a 'financial freedom' asset and a strategic hedge against what he referred to as 'harassment and discrimination' by traditional financial institutions.
The company plans to integrate its Bitcoin strategy across its platforms, including subscription fees and a potential utility token.
The development places Trump Media among few public companies investing heavily in Bitcoin, reflecting a rising trend of corporates adopting crypto in their treasury.
