Trump Media Closes $2.44B Bitcoin Treasury Deal

Trump Media & Technology Group, the parent company of Truth Social and other digital platforms, has closed a private placement deal raising $2.44 billion from approximately 50 institutional investors. The company sold nearly 56 million shares and issued $1 billion in convertible senior secured notes, with $2.32 billion of the net proceeds earmarked to establish a Bitcoin treasury and support general corporate purposes. This move positions Trump Media as one of the largest Bitcoin holders among publicly traded U.S. companies and marks one of the biggest Bitcoin treasury deals to date. CEO Devin Nunes emphasized that the deal provides the company with over $3 billion in liquid assets and the financial flexibility to pursue rapid expansion and strategic growth. The Bitcoin holdings will be added to the company's balance sheet alongside existing cash and short-term investments totaling $759 million as of Q1 2025. The deal reflects Trump Media's commitment to integrating cryptocurrency into its financial strategy and increasing shareholder exposure to Bitcoin.