Trump Media & Technology Group, led by Donald Trump, has announced a $2.5 billion Bitcoin treasury deal, marking a significant move into cryptocurrency. Here's what we know so far¹ ²:
- *The Deal*: The company plans to raise $2.5 billion through a private placement offering, comprising $1.5 billion in Trump Media common stock and $1 billion in convertible notes. This funding will be used to establish a corporate Bitcoin treasury.
- *Custody*: (link unavailable) and Anchorage Digital will provide custody for Trump Media's Bitcoin treasury, ensuring secure storage and management of the assets.
- *SEC Approval*: The US Securities and Exchange Commission (SEC) has declared effective Trump Media's registration statement for the Bitcoin treasury deal, paving the way for the company to move forward with its plans.
- *Strategic Move*: This bold step into cryptocurrency is seen as a strategic bet on the future of decentralized finance, with Trump Media aiming to position itself as a major player in the crypto space.
- *Potential Impact*: The move has sparked both enthusiasm and controversy, with some critics raising concerns about potential conflicts of interest and the Trump family's involvement in cryptocurrency ventures.
*Key Dates:*
- *May 27, 2025*: Trump Media announced the $2.5 billion capital raise to build a Bitcoin treasury.
- *June 13, 2025*: The SEC declared effective Trump Media's S-3 registration statement for the Bitcoin treasury deal.
- *June 14, 2025*: News outlets reported on the SEC approval and Trump Media's plans to move forward with its Bitcoin treasury.³#TrumpBTCTreasury
