Trump Media Raises $2.44 Billion for Bitcoin Treasury Plan

Trump Media raised $1.44 billion from stock and $1 billion from zero-coupon convertible bonds, planning to use the $2.32 billion in net proceeds to build a Bitcoin treasury. The company’s shares rose up to 7.6% on the news. Devin Nunes stated the move enables strategic freedom and Bitcoin exposure.

May 30, 2025