On May 27, 2025, Trump Media & Technology Group (TMTG), the company behind Truth Social, announced a fundraising of $2.5 billion ($1.5 billion in stocks + $1 billion in sellable bonds) to create a "bitcoin treasury" on its balance sheet.

• The custody will be managed by Anchorage Digital and Crypto.com, and it will appear on the balance sheet alongside $759 million in cash and equivalents.

• Bitcoin reserves were officially approved by the SEC – the S-3 registration was declared effective on June 13, 2025, validating the reserve on the balance sheet.

• Recently, TMTG also filed for a spot Bitcoin ETF ("Truth Social Bitcoin ETF").

• Investor DRW (Don Wilson) injected $100 million into this initiative after an SEC action against his firm was dropped under the Trump administration.