Trump Media Raises $2.4 Billion to Launch Bitcoin Treasury
Description
Trump Media closed a $2.4 billion stock and convertible note sale, with $2.32 billion in net proceeds earmarked for a Bitcoin treasury and other corporate uses. Devin Nunes emphasized financial freedom and shareholder Bitcoin exposure. Anchorage Digital and Crypto.com will custody the Bitcoin, while Cantor Fitzgerald advised the deal.
Publish date
May 30, 2025
Web archive URL