James Richardson
Trump Media & Technology Group (TMTG) has officially completed its private placement offering, securing a total of $2.44 billion to create a corporate Bitcoin treasury. The funding includes both common stock sales and convertible notes, cementing the companyโs crypto-forward direction.
The offering involved 55.8 million shares of DJT stock, priced at $25.72 each, which generated approximately $1.44 billion in gross proceeds. In addition, the company issued 0.0% convertible senior secured notes due in 2028, worth $1 billion, convertible at $34.72 per share.
With $2.32 billion in net capital now in hand, Trump Media intends to establish a corporate Bitcoin treasury and allocate the remaining funds to general business operations and working capital needs. This makes the company one of the few U.S. public firms to embrace Bitcoin at this scale.
Truth Socialโs Parent Company Turns to Crypto Strategy
Listed on Nasdaq under the ticker DJT, Trump Media operates the Truth Social platform and the Truth.Fi fintech brand. Following the initial announcement, DJT shares fell 10% earlier in the week. However, the market responded positively on Friday, with the stock climbing 3.3% to $21.52 at the time of publication โ though it remains down over 36% year-to-date.
$3 Billion in Liquidity and Exposure to Bitcoin
โThis transaction gives Trump Media the financial flexibility to pursue bold growth plans,โ said CEO and Chairman Devin Nunes.
โIt ensures that we hold over $3 billion in liquid assets and gives our shareholders direct exposure to Bitcoin. Weโre laying the foundation for accelerated expansion in alignment with the America First economic vision.โ
Among the Largest Bitcoin Treasuries in the U.S.
The Bitcoin purchase will appear on Trump Mediaโs balance sheet alongside $759 million in cash and equivalents, recorded at the end of Q1. The company called this initiative “one of the largest Bitcoin treasury transactions ever executed by a publicly-traded company.”
Once completed, this move will likely position Trump Media as one of the top Bitcoin-holding firms in the U.S., joining the ranks of companies with formal crypto reserve strategies.
Following in the Footsteps of Strategy (Formerly MicroStrategy)
This bold pivot mirrors the precedent set by Strategy (formerly MicroStrategy), the company that began accumulating BTC as early as 2020. Strategy now holds 580,250 Bitcoin, solidifying its legacy as a pioneer in corporate crypto reserves.
