Trump Media and Technology Group Corp. (Nasdaq, NYSE Texas: DJT), the company behind Truth Social, streaming platform Truth+, and the FinTech brand Truth.Fi, has announced a $2.5 billion capital raise through a private placement offering involving approximately 50 institutional investors. The funding includes $1.5 billion in common stock and $1.0 billion in convertible senior secured notes, marking one of the most significant Bitcoin treasury commitments ever made by a publicly traded company. The offering is expected to close on or around May 29, 2025, pending customary closing conditions.
According to the company, the proceeds will primarily fund the creation of a Bitcoin treasury, furthering its strategy of expanding into the broader “America First” economy. The move also officially closes the company’s previously announced special acquisition fund, with additional growth avenues anticipated through potential mergers, acquisitions, and digital asset development.
“We view Bitcoin as an apex instrument of financial freedom, and now Trump Media will hold cryptocurrency as a crucial part of our assets,” said Devin Nunes, CEO and Chairman of Trump Media. “This investment will help defend our Company against harassment and discrimination by financial institutions, which plague many Americans and U.S. firms.”
Nunes described the cryptocurrency acquisition as Trump Media’s first “crown jewel asset” and noted that it will support synergies in future subscription models, utility tokens, and other digital transactions across its platforms. The $2.5 billion deal includes Trump Media common stock sold at market prices and $1 billion in zero-percent convertible notes, priced at a 35% premium. These new funds will be added to the company’s balance sheet alongside $759 million in existing cash and short-term investments as of Q1 2025.
Yorkville Securities, LLC and Clear Street LLC acted as co-lead placement agents, with BTIG, LLC and Cohen & Company Capital Markets serving as co-placement agents. Cantor Fitzgerald & Co. provided financial advisory services, while legal counsel was provided by Nelson Mullins Riley & Scarborough LLP for the company and Reed Smith LLP for the placement agents. The company’s Bitcoin holdings will be custodied by Crypto.com and Anchorage Digital.
The announcement included a cautionary note about forward-looking statements, underscoring that the company’s future plans—including the success of its crypto strategy, streaming services, and FinTech platform—are subject to various risks and uncertainties. This move signals Trump Media’s aggressive expansion beyond social media, positioning itself as a diversified holding company aligned with conservative economic and digital asset initiatives.