🧭 What’s happening

Trump Media & Technology Group (TMTG), the parent of Truth Social, is raising approximately $2.3–2.5 billion in a private placement to build one of the largest corporate Bitcoin treasuries ever by a publicly traded U.S. company .

The fundraising includes around $1.5 B in common stock and $1 B in zero-interest convertible notes—with total proceeds reported between $2.32 B (filing) and $2.5 B (media reports) .

The deal involves ~50 institutional investors and is expected to close by May 29, 2025 .

🎯 Purpose and Strategy

Acquire Bitcoin as a corporate treasury asset, aiming for greater financial sovereignty, claiming it will help the company defend against banking system bias .

Plan to use BTC across platforms: subscriptions, token rewards, tokenization, fintech, and possibly a digital wallet or token via its Truth+ service .

🔐 Infrastructure & Oversight

Custody handled by Crypto.com and Anchorage Digital .

Financial and legal partners include Yorkville Securities, Clear Street, Cantor Fitzgerald, Nelson Mullins, and Reed Smith .

📁 Regulatory Filing

On June 6, 2025, TMTG filed an SEC S‑3 registration for a ~$2.3 B deal with 56 million equity shares and 29 million convertible notes, plus a shelf provision for future capital flexibility .

📊 Why it matters

Would position TMTG among the top 5 globally in corporate BTC holdings .

Signals a larger strategic shift in corporate finance, with Bitcoin being treated as “financial freedom” rather than speculative asset .

The announcement briefly boosted Bitcoin’s price (~+1%) amid broader optimism .