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yesterday

Trump Media to Raise $2.5 Billion for Bitcoin Treasury

Key funding comes through a private placement of $1.5 billion in stock alongside $1 billion in zero-coupon convertible notes from roughly 50 institutional investors.

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Overview

  • Trump Media & Technology Group has confirmed a $2.5 billion capital raise to acquire bitcoin, down from earlier plans for a $3 billion crypto investment.
  • The offering splits into $1.5 billion in new equity and $1 billion in convertible senior secured notes, with the deal expected to close on May 29, 2025.
  • Crypto.com and Anchorage Digital will provide custody services as the company establishes its corporate bitcoin reserve.
  • The investment supports President Trump’s executive order to build a strategic bitcoin reserve and advance the US as a leading cryptocurrency hub.
  • Senate Democrats and ethics experts have raised conflict-of-interest concerns over the president’s personal crypto holdings alongside his administration’s pro-crypto policies.