Trump Media Raises $24.4 Billion, Stock Surges 6.5%

Trump Media & Technology Group (DJT) announced the completion of a $24.4 billion private placement with approximately 50 institutional investors. This significant financing round included the issuance of 55,857,181 shares at $25.72 per share, raising approximately $1.44 billion. Additionally, the company issued $10 billion in 0.00% convertible senior secured notes due in 2028, with a conversion price of $34.72 per share. The total amount raised from these two components is approximately $24.4 billion.

The funds raised will be used to establish a substantial Bitcoin reserve, with approximately $23.2 billion of the net proceeds allocated for this purpose. The remaining funds will be used for general corporate purposes and operational expenses. This move positions Trump Media & Technology Group as one of the largest holders of Bitcoin among publicly traded companies in the United States. Following the completion of this financing round, Bitcoin will be included in the company's balance sheet, alongside its existing cash, cash equivalents, and short-term investments totaling $7.59 billion as of the end of the first quarter of 2025.

The successful completion of this financing round is a testament to the confidence that institutional investors have in the company's future prospects. The significant capital infusion is expected to bolster the company's strategic initiatives, particularly in the realm of digital media and technology. This move underscores the company's commitment to leveraging innovative technologies and financial strategies to drive growth and enhance shareholder value.

The announcement of the $24.4 billion financing round has had a positive impact on the company's stock price, which surged by more than 6.5% on Friday, closing at $22.23 per share. This stock price increase reflects the market's optimism about the company's future prospects and its ability to execute on its strategic vision. The successful completion of this financing round positions Trump Media & Technology Group as a leader in the digital media and technology sector, with a strong financial foundation to support its growth and innovation efforts.