Trump Media finalizing a $2.32 billion deal to acquire Bitcoin is true. Trump Media & Technology Group Corp., the parent company of Truth Social, announced on May 27, 2025, that it has entered into subscription agreements with approximately 50 institutional investors to raise $2.5 billion through a private placement offering. The company plans to use the proceeds to create a Bitcoin treasury, with Crypto.com and Anchorage Digital providing custody services.
Here's a breakdown of the deal¹ ² ³:
- *Total Proceeds*: $2.5 billion
- *Use of Proceeds*: $2.32 billion for Bitcoin treasury, remaining amount for general corporate purposes and working capital
- *Method*: Sale of 55.86 million shares of common stock and $1 billion in convertible senior secured notes
- *Conversion Price*: $34.72 per share for convertible notes
Trump Media's CEO, Devin Nunes, views Bitcoin as an "apex instrument of financial freedom" and believes this investment will help defend the company against financial institution harassment and create synergies for subscription payments and other planned transactions. This move positions Trump Media as one of the largest corporate Bitcoin holders, alongside MicroStrategy and Marathon.
