Trump Media Plans $2.5B Bitcoin Treasury Private Offering

Trump Media & Technology Group, the company behind Truth Social, announced plans to raise approximately $2.5 billion through a private placement offering involving $1.5 billion in common stock and $1.0 billion in convertible senior secured notes. The funds will be used to establish a significant Bitcoin treasury, marking one of the largest such holdings by a public company, with custody services provided by Crypto.com and Anchorage Digital. CEO Devin Nunes described Bitcoin as an "apex instrument of financial freedom" and emphasized that the investment would help protect the company from financial institution harassment. This move aligns with the company's goal to expand throughout the America First economy and reflects President Trump's ambition to make the U.S. the "crypto capital of the world." The transaction is expected to close around May 29, 2025, and follows a recent surge in Bitcoin prices, which broke through the $110,000 resistance level. Trump Media plans to hold Bitcoin alongside its existing cash and short-term investments, which stood at $759 million at the end of Q1 2025.