Trump Media Plans $2.5 Billion Bitcoin Purchase

Trump Media & Technology Group (TMTG), a company backed by former US President Donald Trump, has announced an ambitious plan to raise $2.5 billion through a combination of stock and convertible note offerings to purchase Bitcoin. This strategic move is aimed at positioning the firm among the top 10 corporate Bitcoin holders globally. Currently, MicroStrategy holds the largest amount of Bitcoin, with over 580,000 BTC in its reserves.

The planned purchase of Bitcoin is part of a broader fundraising round that involves commitments from nearly 50 institutional investors. The round is expected to close by May 29, pending standard conditions. Under the terms of the offering, TMTG will issue approximately $1.5 billion in common stock and $1 billion in zero-coupon convertible notes. The company has appointed Crypto.com and Anchorage Digital to custody the digital assets, ensuring secure management of the Bitcoin reserves.

Trump Media CEO Devin Nunes described the investment as a foundational step toward positioning Bitcoin as a core holding aligned with the company’s broader mission. He stated, “This investment will help defend our Company against harassment and discrimination by financial institutions, which plague many Americans and US firms.” The company’s balance sheet already includes approximately $759 million in various assets, including cash, cash equivalents, and short-term investments.

Nunes further explained that the Bitcoin reserve move aligns with the firm’s broader crypto plans. He said, “[This] will create synergies for subscription payments, a utility token, and other planned transactions across Truth Social and Truth+. It’s a big step forward in the Company’s plans to evolve into a holding company by acquiring additional profit-generating, crown jewel assets consistent with America First principles.”

TMTG had previously revealed plans to develop a utility token and digital wallet to support its Truth+ streaming platform. Additionally, the firm is collaborating with Crypto.com to launch a new series of exchange-traded products that bundle digital assets like Bitcoin and Cronos with traditional financial instruments. This move underscores TMTG’s commitment to integrating cryptocurrency into its business operations and financial strategy.