Trump Media Group Completes $2.44 Billion in Financing, Will Use $2.32 Billion to Build Bitcoin Reserves

on May 30, Trump Media Group announced today that it has completed the previously announced private placement with approximately 50 institutional investors. This offering includes:

Selling 55,857,181 shares of the company's common stock at $25.72 per share, raising approximately $1.44 billion in gross funds;

Issuing convertible senior secured notes with a principal amount of $1 billion and due in 2028, with a conversion price of $34.72 per share.

The two items raised a total of approximately $2.44 billion. Trump Media will use approximately $2.32 billion in net funds to build Bitcoin reserves and for other general corporate purposes and working capital. As one of the largest Bitcoin reserve transactions among listed companies, the net funds of this offering and the company's strategy will make Trump Media Group one of the companies with the most Bitcoin among US listed companies.

Following the issuance, Bitcoin will be included in Trump Media Group’s balance sheet alongside cash, cash equivalents and short-term investments totaling $759 million as of the end of the first quarter of 2025.