Trump Media to Raise $2.5 Billion for Bitcoin Acquisition

Trump Media & Technology Group has announced a significant financial move, planning to raise approximately $2.5 billion through a private placement. This funding will be used to acquire Bitcoin, creating one of the largest corporate Bitcoin treasuries to date. The deal involves $1.5 billion in common stock and $1 billion in convertible notes, priced at a 35% premium. The funds will be used to purchase Bitcoin, adding to the company’s existing $759 million in cash and equivalents reported at the end of Q1 2025. The transaction is expected to close by May 29.

CEO Devin Nunes stated that this move reflects the company’s belief in Bitcoin as a “financial freedom” asset and a strategic hedge against what he termed “harassment and discrimination by financial institutions.” Nunes also mentioned that this acquisition is the first step in transforming Trump Media into a holding company focused on profit-generating assets that align with America First values. The company operates Truth Social, Truth+, and the fintech brand Truth.Fi.

Crypto.com and Anchorage Digital will provide custody services for the Bitcoin holdings. The company plans to integrate its Bitcoin strategy across its platforms, including for subscription payments and a potential utility token. The financing round was led by Yorkville Securities and Clear Street, with BTIG and Cohen & Company serving as co-placement agents. Cantor Fitzgerald acted as financial advisor.

With this move, Trump Media joins a select group of public companies making large Bitcoin allocations, potentially aligning itself with firms that use crypto as a treasury reserve. This strategic shift indicates Trump Media's intention to evolve into a holding company, focusing on acquiring assets that align with its core values and potentially expanding into crypto-based financial services through its Truth.Fi brand. The zero-percent interest rate on the convertible notes allows the company to raise significant capital without incurring interest expenses, further strengthening its financial position. The use of multiple placement agents and comprehensive custody arrangements suggests a well-planned implementation structure for this significant investment.