Trump Media Raises $2.32 Billion to Launch Major Bitcoin Treasury Initiative

Summary

• Major Funding Secured: Trump Media and Technology Group Corp. successfully raised approximately $2.32 billion through a significant private placement involving institutional investors.

• Bitcoin Treasury Focus: The primary purpose of this substantial capital infusion is to establish a large Bitcoin treasury, marking a significant strategic move into the digital asset space for the company.

• Fundraising Details: The 2.32 billion was generated via the sale of 55.8 million common shares (raising 1.44 billion) and the issuance of $1 billion in convertible senior secured notes due 2028.

• Strategic Ambition: This financial maneuver is intended to position Trump Media, majority-owned by Donald Trump, among the leading U.S. publicly traded companies in terms of Bitcoin holdings and to implement a comprehensive Bitcoin treasury strategy.

Significant Capital Infusion for Digital Asset Strategy

Trump Media and Technology Group Corp.

(listed as DJT on Nasdaq and NYSE Texas) disclosed on May 30th the successful culmination of a major private placement designed to fund its foray into Bitcoin.

The capital acquisition, which drew participation from 50 institutional investors, involved the sale of 55.8 million common stock shares priced at $25.72 apiece, generating approximately $1.44 billion.

Complementing this equity sale was the issuance of $1 billion in convertible senior secured notes that mature in 2028.

Aiming for Top-Tier Bitcoin Holdings Among Public Companies

The aggregate net proceeds from these financial maneuvers, amounting to roughly $2.32 billion, are earmarked primarily for the establishment of a substantial Bitcoin treasury.

Remaining funds will be allocated for general corporate activities and to support working capital needs.

The company articulated this intention clearly: “Trump Media will utilize the circa $2.32 billion in net proceeds from this financial operation to forge a bitcoin treasury, alongside funding other general corporate objectives and operational capital.”

This significant financial undertaking positions Trump Media, in which President Donald Trump holds a majority interest, as a formidable new entrant in the corporate Bitcoin landscape.

The company’s stated ambition is to ascend to the ranks of the leading U.S. publicly traded entities in terms of Bitcoin holdings.

Trump Media characterized this development by stating that it represents “one of the largest bitcoin treasury deals for any public company,” and that “the net proceeds from this offering and the company’s strategy 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.”

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