#TrumpBTCTreasury
đ§ Whatâs happening
Trump Media & Technology Group (TMTG), the parent of Truth Social, is raising approximately $2.3â2.5âŻbillion 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 $1.5âŻB in common stock and $1âŻB in zero-interest convertible notesâwith total proceeds reported between $2.32âŻB (filing) and $2.5âŻB (media reports) .
The deal involves ~50 institutional investors and is expected to close by May 29, 2025 .
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đŻ 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 .
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đ 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 .
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đ Regulatory Filing
On June 6, 2025, TMTG filed an SEC Sâ3 registration for a ~$2.3âŻB deal with 56 million equity shares and 29 million convertible notes, plus a shelf provision for future capital flexibility .
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đ 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 âfinancial freedomâ rather than speculative asset .
The announcement briefly boosted Bitcoinâs price (~+1%) amid broader optimism .
