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

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

Trump Media and Technology Group just locked in a $2.44 billion private placement from about 50 institutional investors—selling 55.8 million shares at $25.72 apiece (raising $1.44 billion) and $1 billion in zero-interest convertible notes due 2028. After fees, roughly $2.32 billion heads straight into Bitcoin (custodied by Crypto.com and Anchorage Digital) and general corporate needs, boosting the company’s cash pile to over $3 billion.

CEO Devin Nunes calls it a big leap toward “financial freedom,” fitting the firm’s crypto-first playbook for Truth Social, Truth+ and Truth.Fi. Trump Media also plans to team up with Crypto.com on ETFs and other services—joining the growing club of public companies stacking up digital gold. And, as you might expect, DJT shares popped on the news, clawing back earlier losses (though they’re still down more than 36% YTD).