🔔 Breaking News: Trump Media Secures $2.44B to Build Major Bitcoin Treasury
📈 Trump Media & Technology Group (DJT), the parent company of Truth Social, has completed a $2.44 billion capital raise to establish a significant Bitcoin (BTC) treasury, signaling its entry into the crypto space at scale.
💼 Key Highlights:
🪙 $2.32 billion in net proceeds will be used to purchase Bitcoin, making DJT one of the largest publicly-traded BTC holders in the U.S.
💸 The raise includes $1.44B in common stock and $1B in 0% convertible notes (due 2028), subscribed by ~50 institutional investors.
🔐 Crypto.com and Anchorage Digital will provide custody solutions for the BTC holdings.
📊 DJT shares rose 5.6% following the announcement, erasing early-day losses.
🏛️ The raise was led by Yorkville Securities and Clear Street, with Cantor Fitzgerald advising.
🧠 Context:
This strategy echoes MicroStrategy’s playbook — leveraging equity and debt to acquire large quantities of BTC. With this move, Trump Media joins a growing trend of firms integrating crypto into their core balance sheets.
🧾 The company has also revealed ambitions to launch a crypto-focused financial platform and customized ETFs in partnership with Crypto.com.
