#TrumpMediaBitcoinTreasury
Trump Media's Bitcoin Treasury Update
Trump Media and Technology Group Corp. (DJT) has completed a $2.44 billion fundraising initiative to strengthen its Bitcoin treasury plan.[1] The company sold nearly 56 million shares at $25.72 per share, raising approximately $1.44 billion, and issued $1 billion in zero-interest convertible senior secured notes due 2028 at a $34.72 conversion price.[2]
Details of the Fundraising Initiative
The net proceeds from the offering are approximately $2.32 billion, which will be used to fund Bitcoin purchases and support corporate operations.[3] This move is expected to position Trump Media among the top corporate Bitcoin holders in the United States.[1]
Custody and Management of Bitcoin Treasury
Anchorage Digital and Crypto.com will manage the secure custody of the firm's digital reserves.[2] With over $3 billion in liquid assets post-deal, the company now enters a new phase of financial flexibility.[3]
Impact on Shareholders and Financial Structure
The company's financial structure has been aligned to provide shareholders with indirect exposure to Bitcoin.[1] As of Q1 2025, Trump Media reported $759 million in cash reserves, further solidifying its financial base.[3]
Strategic Implications
The integration of Bitcoin is expected to serve both as a strategic asset and a hedge.[3] This development also strengthens Trump's vision of engaging more deeply with the digital economy.[1] CEO Devin Nunes emphasized that this raise allows the firm to execute its long-term plans with greater autonomy.[2]
Market Reaction
Trump Media's shares rose as much as 7.6% on the day of the announcement and were up 2.9% to $21.43 each as of 12:30 p.m. in New York.[4]
Trump Media's Bitcoin treasury update today is that the company has completed a $2.44 billion fundraising initiative to strengthen its Bitcoin treasury plan, positioning it among the top corporate Bitcoin holders in the United States, with over $3 billion in liquid assets post-deal.
