Trump Media & Technology Group Corp., the operator of the social media platform Truth Social, the streaming platform Truth+, and the FinTech brand Truth.Fi, announced today the successful closing of its previously announced private placement offering. The offering, which attracted approximately 50 institutional investors, secured an aggregate purchase price of approximately $2.44 billion.
The comprehensive offering consisted of two key components. The sale of 55,857,181 shares of the Company’s common stock at a price of $25.72 per share, generating gross proceeds of approximately $1.44 billion. And, the issuance of 0.00% convertible senior secured notes due 2028 in the principal amount of $1.00 billion, with a conversion price of $34.72 per share.
Trump Media stated it will allocate the approximately $2.32 billion in net proceeds from the offering to establish a substantial Bitcoin treasury, in addition to funding general corporate purposes and working capital.
This strategic move positions Trump Media to become one of the top Bitcoin holders among publicly-traded U.S. firms, demonstrating one of the most comprehensive Bitcoin treasury strategies. This initiative marks one of the largest Bitcoin treasury deals for any public company to date.
Devin Nunes, CEO and Chairman of Trump Media, highlighted the significance of the offering, stating, “Trump Media is focused on acquiring great assets, and this deal will give us the financial freedom to implement the rest of our strategies. It means the Company will have more than $3 billion in liquid assets and our shareholders will have exposure to Bitcoin. The deal positions Trump Media for the kind of rapid expansion we’ve always envisioned, and we look forward to advancing even further throughout the America First economy.”
The inclusion of Bitcoin on Trump Media’s balance sheet will complement the company’s existing cash, cash equivalents, and short-term investments, which totaled $759.0 million as of the end of the first quarter of 2025.
To facilitate its new Bitcoin treasury, Trump Media has partnered with leading digital asset custodians Crypto.com and Anchorage Digital for the secure custody of its Bitcoin holdings.
