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Trump Media & Technology Group Corp., the parent company of platforms including Truth Social, streaming service Truth+, and the financial technology brand Truth.Fi, has announced it is raising roughly $2.5 billion through a private placement deal involving around 50 institutional investors.
Under the terms of the agreement, the company will issue approximately $1.5 billion in common stock and an additional $1 billion in convertible senior secured notes carrying a zero percent interest rate. The transaction is expected to close on or about May 29, pending the usual closing conditions.
The funds will primarily support the formation of a Bitcoin treasury, positioning Trump Media among the few publicly traded companies to make such a large-scale investment in cryptocurrency. The move also concludes the company’s previously disclosed special acquisition fund. Executives say the capital will support future growth initiatives, including mergers, acquisitions, and expanding its presence in what it describes as the “America First” economy.
Trump Media CEO and Chairman Devin Nunes called the move a major milestone, stating, “We view Bitcoin as an apex instrument of financial freedom, and now Trump Media will hold cryptocurrency as a crucial part of our assets. Our first acquisition of a crown jewel asset, this investment will help defend our Company against harassment and discrimination by financial institutions, which plague many Americans and U.S. firms, and will create synergies for subscription payments, a utility token, and other planned transactions across Truth Social and Truth+.”
He added, “It’s a big step forward in the Company’s plans to evolve into a holding company by acquiring additional profit-generating, crown jewel assets consistent with America First principles.”
The offering includes Trump Media stock priced at its last closing market value and convertible notes with a conversion rate set at a 35 percent premium. Following the deal, Bitcoin will be added to the company’s balance sheet, which already includes $759 million in cash, equivalents and short-term holdings reported at the close of the first quarter of 2025.
Bitcoin traded at over $108,000 on Wednesday following a record price of $112,000 on May 22.
