Key takeout
Trump Media raises $2.5 billion to create one of the largest Bitcoin Treasury ministry among public companies. The Treasury includes $1.5 billion in common stock and $1 billion in convertible notes.
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Trump Media and Technology Group Corp (TMTG) operates true social and other Trump branded media and technology platforms, and announced plans on Tuesday to raise $2.5 billion to build the Bitcoin Treasury Department.
The company will employ a playbook similar to Michael Saylor’s strategy, offering $1.5 billion in equity and $1 billion in convertible senior secure notes to a selection group of around 50 institutional investors. The transaction is scheduled to close on Thursday, May 29th.
In a statement Tuesday, Trump’s media CEO Devin Nunes said the company views Bitcoin as the “pinner tool of financial freedom” and now holds Crypto as a key part of its corporate assets. Bitcoin briefly touched on $110,700 on the company’s Bitcoin Treasury Plan for each TradingView.
“This investment, the first acquisition of Crown Jewel assets, will help protect us from harassment and discrimination by financial institutions that plague many Americans and US companies, creating a synergistic effect of subscription payments, utility tokens and other planned transactions in True Society and True+,” says Nunes. “This is a major step forward in the company’s plan to evolve into a holding company by acquiring crown gem assets that generate additional profits consistent with America’s first principles.”
Convertible Notes has a zero percent interest rate and a conversion price is set at a 35% premium. Like The end of In the first quarter of 2025, the company reported that it held $759 million in cash, cash equivalents and short-term investments.
Yorkville Securities, LLC and Clear Street LLC serve as co-lead placement agents with BTIG, LLC and Cohen & Company Capital Markets serving as co-placement agents. Crypto.com and Anchorage Digital provide custody services to the Bitcoin Ministry of Finance.
Crypto.com and Yorkville America Digital recently signed a deal with Trump Media bid It includes those linked to Bitcoin and Chrono to bring America’s first crypto ETF to the market.
The announcement follows a Monday report from The Financial Times, claiming Trump media is trying to raise $3 billion through stock sales.
According to the report, net revenue will be used to acquire Bitcoin and other crypto assets. The report also noted that the announcement was expected prior to the Bitcoin Conference, which begins today.
The biggest events of this kind are working Lineup of Famous figures include Vice President JD Vance, Donald Trump Jr., Eric Trump, and White House crypto emperor David Sachs. Michael Saylor will also be present alongside other prominent industry leaders.
In the same report, the Financial Times contacted the company for comment and said it received responses claiming that the publication had “a stupid writer who even listened to Dunbar’s sources.”
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