Trump Media raised around $2.44 billion in net proceeds to establish a Bitcoin treasury

Description

Trump Media & Technology Group closed a $2.44 billion private placement, including common stock and convertible notes, securing $2.32 billion in net proceeds to create a Bitcoin treasury and support general corporate purposes.

Event date

May 30, 2025

Quotes that support claims

Trump Media and Technology Group has closed its previously announced private placement offering to create its corporate bitcoin treasury.

Trump Media & Technology Group Corp., the company behind Truth Social, raised around $1.44 billion from selling stock at a price of $25.72 per share and raised about $1 billion in convertible bonds, to buy Bitcoin for its treasury.

Trump Media announced today that it has closed its previously announced private placement offering with approximately 50 institutional investors.

Tags

Week 22 of 2025