#TrumpBTCTreasury Trump Media and Technology Group, backed by Donald Trump, is establishing a Bitcoin treasury after closing a $2.44 billion deal. Here's what's happening ¹ ²:

- *Key Details:*

- The company raised $2.44 billion through a private offering, issuing 55.8 million shares of common stock at $25.72 per share and $1 billion in 0.0% convertible senior secured notes due 2028.

- Approximately $2.3 billion from the proceeds will be used to create a Bitcoin treasury, making Trump Media one of the top public companies holding BTC.

- (link unavailable) and Anchorage Digital will serve as custodians for the company's Bitcoin treasury.

- *Strategy:*

- Trump Media aims to build one of the largest corporate Bitcoin reserves in the US, potentially positioning itself among the top five global corporate BTC holders.

- The company plans to add Bitcoin to its balance sheet, alongside existing cash, cash equivalents, and short-term investments worth $759 million as of Q1 2025.

- *Rationale:*

- CEO Devin Nunes views Bitcoin as "an apex instrument of financial freedom" and believes this investment will provide the company with financial independence and future growth.

- The move is part of a broader trend of institutional adoption of Bitcoin, with other companies like MicroStrategy and Semler Scientific also accumulating BTC.

This significant investment in Bitcoin reflects Trump Media's commitment to digital assets and its vision for financial freedom.