Trump Media and Technology Group (TMTG), the operator of Truth Social and associated platforms, plans to make use of the raised capital to construct a large Bitcoin treasury. The personal placement entails the issuance of $1.5 billion in frequent inventory on the newest market worth.
Additionally, the corporate will subject $1 billion in convertible senior secured notes that carry a 0.00% rate of interest and convert at a 35% premium over the present inventory worth.
The firm expects the providing to shut by May 29, 2025, topic to customary closing circumstances. About 50 institutional buyers participated within the subscription agreements. Trump Media’s CEO and Chairman, Devin Nunes, said,
“We view Bitcoin as an apex instrument of financial freedom, and now Trump Media will hold cryptocurrency as a crucial part of our assets.”
Bitcoin Treasury and Corporate Strategy
This capital increase will place Bitcoin alongside Trump Media’s current money, money equivalents, and short-term investments, which totalled $759 million on the finish of the primary quarter of 2025. The firm has partnered with Crypto.com and Anchorage Digital to supply custody companies for its Bitcoin holdings.
The transfer is among the many largest Bitcoin treasury offers introduced by a public firm in latest months. Devin Nunes mentioned the funding helps the corporate’s purpose to “defend our Company against harassment and discrimination by financial institutions.”
He additionally talked about plans to make use of the Bitcoin treasury to create synergies for subscription funds, utility tokens, and different transactions throughout Truth Social and Truth+.
Following the announcement, Trump Media’s inventory skilled a risky session. The shares initially surged over 10% in premarket buying and selling however then declined modestly throughout common buying and selling hours. Bitcoin worth itself traded barely larger, sustaining a degree simply above $110,000.
Fundraising and Industry Context
Trump Media’s $2.5 billion providing follows reviews of a bigger $3 billion fundraising effort involving new fairness and convertible bonds. This fundraisal would deepen ties between the Trump household and the crypto trade. The fundraising is reportedly timed forward of a significant crypto occasion in Las Vegas, which is able to characteristic a number of high-profile attendees related to the corporate.
Industry consultants and commentators have taken word of the announcement. Some have questioned the technique, whereas others level to the rising acceptance of cryptocurrencies by public corporations.
This transfer by Trump Media provides to the development of corporations allocating vital capital to Bitcoin and cryptocurrency holdings. This growth happens amid elevated company exercise within the cryptocurrency area. For occasion, MicroStrategy recently disclosed the acquisition of an extra 4,020 Bitcoins between May 19 and May 25.
This acquisition elevated MicroStrategy’s whole Bitcoin holdings to over 580,000 tokens. These company strikes replicate rising institutional curiosity in digital belongings as a part of broader funding portfolios.
