Trump Media & Technology Group announced Tuesday that it has secured agreements with approximately 50 institutional investors to raise $2.5 billion for the creation of a Bitcoin treasury. The deal, expected to close on May 29, 2025, will represent one of the largest Bitcoin treasury transactions by any public company.
The private placement offering consists of $1.5 billion in common stock and $1.0 billion in 0.00% convertible senior secured notes. Combined with the existing cash position of $759 million, this will increase the company’s total liquid assets to exceed $3 billion.
The zero-percent interest rate on the convertible notes provides particularly favorable terms for Trump Media. This enables the company to raise significant capital without incurring interest expenses. The convertible notes feature a conversion price set at a 35% premium to current market levels.
Trump Media Infrastructure for Bitcoin Operations
Crypto.com and Anchorage Digital will provide custody services for the digital assets. Yorkville Securities and Clear Street are serving as co-lead placement agents. The financial advisor is Cantor Fitzgerald, and the co-placement agents are Cohen & Company Capital Markets and BTIG.
Notwithstanding the company’s politically divisive image, the participation of over 50 institutional investors shows a high level of market confidence in Trump Media’s strategic path. This broad participation suggests growing acceptance of Bitcoin treasury strategies by mainstream institutions.
With this robust backing, beyond serving as a treasury asset, the Bitcoin holdings aim to create operational synergies across Trump Media’s ecosystem. The company plans to integrate cryptocurrency functionality into subscription payments and develop utility token capabilities for its platforms. This integration could position Truth Social and Truth+ as pioneers in crypto-enabled social media platforms.
The transaction closes Trump Media’s previously announced special acquisition fund and represents just one component of the company’s broader expansion strategy. This includes potential mergers and acquisitions aligned with America First economic principles.
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