It's official: Trump Media raises $2.44B to build Bitcoin treasury

It’s official: Trump Media raises $2.44b to build Bitcoin treasury

Trump Media and Technology Group has closed a $2.44 billion private placement, aiming to establish one of the largest Bitcoin treasuries in the world

crypto.news

TL;DR: Trump Media & Technology Group just nailed a $2.44 billion private placement—selling 55.8 million shares at $25.72 each (raising $1.44 billion) plus $1 billion in zero-percent convertible notes—to bankroll a huge Bitcoin buy (and shore up ops). Crypto.com and Anchorage Digital will custody the coins, pushing the company’s liquid assets north of $3 billion.

CEO Devin Nunes hails it as a step toward “financial freedom” in their America-First, crypto-first playbook (think crypto-focused ETFs and services). The deal, steered by Yorkville Securities, Clear Street and Cantor Fitzgerald (with legal by Nelson Mullins and Reed Smith), joins Trump Media with other firms like GameStop stacking BTC—sending DJT shares up, though they’re still down ~36% YTD.