In an unprecedented move, Trump Media & Technology Group, the operator of the Truth Social platform, announced it has raised $2.44 billion to create a strategic Bitcoin treasury, making it one of the largest public companies holding Bitcoin on its balance sheet. ([Bloomberg][1])

### 🏦 Deal Details

* **Total Funding**: The company raised $2.44 billion by selling 55.86 million shares at $25.72 per share, in addition to issuing $1 billion in convertible bonds at a conversion price of $34.72 per share. ([GlobeNewswire][2])

* **Use**: The net proceeds, amounting to approximately $2.32 billion, will be used to create a Bitcoin treasury and for other general purposes. ([Nasdaq][3])

* **Custody**: The Bitcoin will be held through Anchorage Digital and Crypto.com platforms. ([Reuters][4])

### 🇺🇸 The White House and the Strategic Bitcoin Treasury

In March 2025, President Donald Trump signed an executive order to establish a "Strategic Bitcoin Treasury" and "U.S. Digital Asset Inventory". ([Beyond the First 100 Days][5])

* **Objective**: Bitcoin is considered a strategic reserve asset, with a focus on holding it and not selling it.

* **Source**: The treasury will be funded by Bitcoin seized by the U.S. Treasury Department as a result of legal actions.

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