Trump Media & Technology Group (TMTG), the parent company of Truth Social, has officially secured approximately $2.44 billion to establish a substantial Bitcoin treasury. This move positions TMTG among the largest corporate holders of Bitcoin in the United States.
🔍 Deal Overview
Capital Raised: TMTG raised $2.44 billion through a private offering, comprising $1.44 billion from the sale of 55.8 million common stock shares at $25.72 each, and $1 billion from 0% convertible senior secured notes due in 2028, issued at a conversion price of $34.72 per share.
Bitcoin Allocation: The company plans to allocate approximately $2.32 billion of the proceeds to purchase Bitcoin, integrating it as a core asset in its treasury reserves.
Custody Partners: TMTG will utilize Anchorage Digital and Crypto.com for the custody of its Bitcoin holdings.
🧭 Strategic Implications
This significant investment aligns with President Donald Trump's broader initiative to position the United States as a global leader in cryptocurrency. In March 2025, he signed an executive order establishing the Strategic Bitcoin Reserve and the U.S. Digital Asset Stockpile, capitalized with approximately $21 billion in digital assets, including Bitcoin and other cryptocurrencies.
TMTG's move reflects a growing trend among corporations to adopt Bitcoin as a treasury asset, following in the footsteps of companies like MicroStrategy. CEO Devin Nunes described Bitcoin as an "apex instrument of financial freedom," emphasizing its role in defending against institutional discrimination and supporting future initiatives, including subscription services and utility tokens across its platforms.
📉 Market Reaction
Despite the bold move, TMTG's stock experienced a 10% decline on the day of the announcement, reflecting investor concerns over the company's financials, which include a market capitalization of about $5.3 billion, revenues of $3.6 million, and a loss of $400 million in 2024.
📈 Bitcoin Market Update
As of June 1, 2025, Bitcoin is trading at approximately $104,746, experiencing a slight increase of 0.00125% from the previous close. The intraday high and low are $104,850 and $103,289, respectively.
TMTG's substantial investment in Bitcoin could influence other corporations to consider or expand their cryptocurrency reserves, potentially impacting the broader adoption and market dynamics of digital assets.
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