#TrumpBTCTreasury
š§ Whatās happening
Trump Media & Technology Group (TMTG), the parent of Truth Social, is raising approximately $2.3ā2.5āÆbillion in a private placement to build one of the largest corporate Bitcoin treasuries ever by a publicly traded U.S. company .
The fundraising includes around $1.5āÆB in common stock and $1āÆB in zero-interest convertible notesāwith total proceeds reported between $2.32āÆB (filing) and $2.5āÆB (media reports) .
The deal involves ~50 institutional investors and is expected to close by May 29, 2025 .
---
šÆ Purpose and Strategy
Acquire Bitcoin as a corporate treasury asset, aiming for greater financial sovereignty, claiming it will help the company defend against banking system bias .
Plan to use BTC across platforms: subscriptions, token rewards, tokenization, fintech, and possibly a digital wallet or token via its Truth+ service .
---
š Infrastructure & Oversight
Custody handled by Crypto.com and Anchorage Digital .
Financial and legal partners include Yorkville Securities, Clear Street, Cantor Fitzgerald, Nelson Mullins, and Reed Smith .
---
š Regulatory Filing
On June 6, 2025, TMTG filed an SEC Sā3 registration for a ~$2.3āÆB deal with 56 million equity shares and 29 million convertible notes, plus a shelf provision for future capital flexibility .
---
š Why it matters
Would position TMTG among the top 5 globally in corporate BTC holdings .
Signals a larger strategic shift in corporate finance, with Bitcoin being treated as āfinancial freedomā rather than speculative asset .
The announcement briefly boosted Bitcoinās price (~+1%) amid broader optimism .