Trump Media and Technology Group, the parent company behind Truth Social and other digital ventures, has secured $2.44 billion through a private placement deal involving roughly 50 institutional investors. Almost 56 million shares were sold for $25.72 each and the company also raised $1 billion in convertible notes that will come due in 2028.
The Devin Nunes-led company has decided to use the $2.32 billion from the IPO to build its Bitcoin treasury and support its everyday operations. After this move, Trump Media will own Bitcoin in larger quantities than most public U.S. firms.
“This deal will give us the financial freedom to implement the rest of our strategies,” Nunes said, according to the latest press release. He added, “It means the Company will have more than $3 billion in liquid assets and our shareholders will have exposure to Bitcoin.”
Nunes declared, “The deal positions Trump Media for the kind of rapid expansion we’ve always envisioned, and we look forward to advancing even further throughout the America First economy.”
Trump Media’s Bitcoin reserves will join an already sizable pool of cash and investments, which stood at $759 million at the end of Q1 2025. Meanwhile, Crypto.com and Anchorage Digital will look after the stored Bitcoin. Furthermore, it’s worth noting that financial and legal advisors, such as Yorkville Securities, Clear Street, BTIG, Cohen & Company, Cantor Fitzgerald, Nelson Mullins and Reed Smith, helped with the $2.5 billion deal.
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