Trump Media will join the top 5 Bitcoin holders after $2.3 billion purchase

May 30, 2025, 13:01 GMT-52 minutes of reading

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Trump Media announced that it has closed a deal to sell large amounts of shares to buy over $2.3 billion in Bitcoin. This would make the company one of the largest holders of BTC in the world.

The company's stock valuation skyrocketed after the announcement, but it could also invite political repercussions for the crypto industry. For better or for worse, the personal brand of the President is being associated with Bitcoin in a significant way.

Trump Media buys Bitcoin

President Trump has embarked on many crypto projects, but his company's next plan could transform the entire industry. Rumors began earlier this week that Trump Media planned to buy Bitcoin, and the company confirmed them. Today, a new press release revealed that progress has occurred sooner than expected and that a deal has been finalized:

“Trump Media announced today that it has closed its previously announced private placement offering with approximately 50 institutional investors. The offering consisted of [stock sales] with an aggregate purchase price of approximately $2.44 billion. Trump Media will use approximately $2.32 billion in net proceeds from the offering to create a Bitcoin treasury,” it said.