#TrumpMediaBitcoinTreasury Trump Media & Technology Group, the company behind Truth Social, has closed a $2.5 billion deal to create a Bitcoin treasury. Here's what we know about the deal ¹ ²:

- *Deal Details*: The company issued and sold approximately 55.9 million shares of common stock at $25.72 per share, generating $1.44 billion in gross proceeds. It also issued $1 billion in convertible senior secured notes due in 2028.

- *Bitcoin Treasury*: Trump Media will use around $2.32 billion from the offering to create its Bitcoin treasury, making it one of the largest public companies to hold Bitcoin.

- *Custody*: Crypto.com and Anchorage Digital will provide institutional-grade custody for Trump Media's Bitcoin assets.

- *Company's Vision*: CEO and Chairman Devin Nunes stated that this deal will give the company the financial freedom to implement its strategies and expand rapidly.

With this move, Trump Media joins a growing roster of publicly traded firms raising capital for buying crypto assets like Bitcoin. The company's liquid assets will exceed $3 billion, including $759 million in cash, cash equivalents, and short-term investments ¹.