Trump Media & Technology Group has closed a $2.44 billion private placement offering to create one of the largest Bitcoin treasuries held by a public company. Here's a breakdown of the deal[¹](https://www.globenewswire.com/news-release/2025/05/30/3091176/0/en/Trump-Media-Closes-Bitcoin-Treasury-Deal.html) [²](https://cryptonews.com/news/trump-media-2-5b-bitcoin-treasury-deal/):
- *Deal Details:*
- $1.44 billion raised through the sale of 55,857,181 shares of common stock at $25.72 per share
- $1 billion raised through 0.00% convertible senior secured notes due 2028, convertible at $34.72 per share
- *Use of Proceeds:*
- Approximately $2.32 billion in net proceeds will be used to create a Bitcoin treasury
- Remaining amount for general corporate purposes and working capital
- *Bitcoin Treasury:*
- Trump Media aims to become one of the top Bitcoin holders among publicly-traded U.S. firms
- Crypto.com and Anchorage Digital will provide custody for the company's Bitcoin assets
- *Rationale:*
- CEO Devin Nunes describes Bitcoin as "an apex instrument of financial freedom"
- The investment aims to defend the company against financial institution harassment and promote financial sovereignty
- *Future Plans:*
- Trump Media plans to use Bitcoin for subscription payments, tokenization initiatives, and fintech development
- Potential launch of a utility token and digital wallet for its streaming platform Truth+
This significant investment in Bitcoin reflects Trump Media's commitment to cryptocurrency and its vision for financial truth #TrumpMediaBitcoinTreasury
