Trump Media Raises $2.44 Billion, Plans Bitcoin Treasury

By Tamara Parker • Sunday, June 01 16:21 • Permanent Link

Trump Media and Technology Group Corp. (NASDAQ, NYSE Texas: DJT) has closed a significant private placement offering, raising approximately $2.44 billion in gross proceeds. The offering included the sale of 55,857,181 shares of the company's common stock at $25.72 per share and 0.00% convertible senior secured notes due 2028 in the principal amount of $1.00 billion, at a conversion price of $34.72 per share.

The net proceeds from the offering will be used to create a bitcoin treasury and for general corporate purposes and working capital. This move will make Trump Media one of the top bitcoin holders among publicly-traded U.S. firms with one of the most comprehensive bitcoin treasury strategies.

As of the end of the first quarter of 2025, Trump Media had cash, cash equivalents, and short-term investments totaling $759.0 million, which will now be complemented by the new bitcoin treasury and the net proceeds from the offering.

The company's CEO and Chairman, Devin Nunes, stated that the deal positions Trump Media for rapid expansion and will provide the company with more than $3 billion in liquid assets. This offering allows shareholders to have exposure to bitcoin, aligning with the company's vision of advancing in the "America first economy."

Yorkville Securities, LLC and Clear Street LLC acted as co-lead placement agents for the offering, with BTIG, LLC and Cohen & Company Capital Markets acting as co-placement agents. Cantor Fitzgerald & Co. acted as the financial advisor, and legal counsel to the company was provided by Nelson Mullins Riley & Scarborough LLP, while Reed Smith LLP served as legal counsel to the placement agents.

Crypto.com and Anchorage Digital will provide custody for Trump Media's bitcoin treasury, further solidifying the company's commitment to integrating cryptocurrency into its financial strategy. As a result of these announcements, the company's shares have moved 2.4% on the market, and are now trading at a price of $21.33. For more information, read the company's full 8-K submission here.

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