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Devin Nunes, CEO of Trump Media, said the capital raise will provide the company with over $3 billion in liquid assets and the financial freedom to pursue strategic expansion while offering shareholders exposure to Bitcoin
Trump Media named Crypto.com and Anchorage Digital as custodians for its Bitcoin holdings, with Cantor Fitzgerald as financial advisor and Yorkville Securities and Clear Street leading the placement
Trump Media raised around $2.44 billion in net proceeds to establish a Bitcoin treasury
Trump Media raised $1.44 billion from stock sold at $25.72 per share and issued $1 billion in zero-coupon convertible notes maturing in 2028

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