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 just locked in a massive $2.44 billion private placement—selling 55.8 million shares at $25.72 each plus $1 billion in zero-coupon convertible notes—to seed one of the biggest Bitcoin treasuries among U.S. public companies. After fees they’ll have about $2.32 billion to snag BTC (custodied by Crypto.com and Anchorage Digital) and keep the lights on at Truth Social, Truth+ and Truth.Fi.

CEO Devin Nunes calls it a stride toward “financial freedom” under the company’s “America First” crypto playbook, and it dovetails with upcoming Crypto.com ETF and service partnerships. The deal, steered by Yorkville Securities, Clear Street and Cantor Fitzgerald, even gave DJT shares a bounce—though they’re still down over 36% this year.