$TRUMP Trump Media to Raise $2.5B by May 29 to Establish Bitcoin Treasury
Trump Media & Technology Group has confirmed plans to raise $2.5 billion by May 29, 2025, to create a Bitcoin treasury. The company, backed by former President Donald Trump, revealed it has signed a subscription agreement with approximately 50 institutional investors.
The capital raise includes $1.5 billion from common stock sales and $1 billion via 0% convertible senior secured notes. CEO Devin Nunes described Bitcoin as “an apex instrument of financial freedom,” stating the investment will protect the company from financial discrimination and integrate into its platforms like Truth Social and Truth+.
The move follows the launch of World Liberty Financial (WLFI) and has sparked renewed optimism in the crypto market. On-chain data shows a rising number of Bitcoin whales and increased FOMO trading, with BTC briefly surpassing $110,000 earlier this week.
