Trump Media closes private offering, will use $2.32 billion net proceeds to buy bitcoin

Trump Media and Technology Group, the operator of Truth Social and Truth.Fi, has completed a large private offering totaling $2.44 billion, $1.44 billion in common stock and $1 billion in convertible notes. The company will use the $2.32 billion in net proceeds to build a Bitcoin treasury, adding it to a $759 million liquidity reserve.

May 30, 2025