Catenaa, Thursday, May 29, 2025-Trump Media and Technology Group announced Tuesday a $2.5 billion private placement to establish a corporate bitcoin treasury, marking a major move into cryptocurrency by the social media company.
The Nasdaq-listed firm secured subscription agreements from about 50 institutional investors.
The offering consists of $1.5 billion in common stock and $1 billion in convertible notes priced at a 35% premium. The company plans to add bitcoin to its balance sheet alongside $759 million in cash and short-term investments as of March 31, 2025.
Trump Media operates the Truth Social platform and the fintech brand Truth.Fi, which was approved to invest up to $250 million of its $700 million in reserves into bitcoin, traditional investments, and crypto-related securities. Crypto.com and Anchorage Digital will provide custody for the bitcoin treasury.
The announcement follows reports last weekend that Trump Media intended to raise $3 billion for crypto investments, a claim the company denied, criticizing the Financial Times for inaccurate reporting.
The move echoes MicroStrategy’s trend of corporate bitcoin holdings, with the business intelligence firm holding over 580,000 BTC after recent purchases.
