Overview

• Trump Media & Technology Group said it will issue $1.5 billion in common shares and $1 billion in zero-coupon convertible senior secured notes to fund bitcoin purchases.
• The capital raise, backed by roughly 50 institutional investors, is slated to close on May 29 under custody agreements with Crypto.com and Anchorage Digital.
• Company leaders view bitcoin reserves as protection against discrimination by traditional banks and a cornerstone of its broader fintech and digital asset strategy.
• The confirmed deal follows initial Financial Times reports of a $3 billion target and a swift company denial before settling on a $2.5 billion arrangement.
• Ethics watchdogs warn the move blurs lines between the president’s private crypto holdings and his policymaking role, though the White House insists all assets are held in a trust.