Trump Media Closes $2.44 Billion Private Placement Offering for Bitcoin Treasury

[Bernardo de La Paz]

Source: Dow Jones via Morningstar

Trump Media will use the approximately $2.32 billion in net proceeds from the sales to create a bitcoin treasury and for other general corporate purposes and working capital, the company said Friday.

Trump Media and Technology said the offering sold $1.44 billion of the company's common stock and $1 billion in convertible debt. The offering closed with about 50 institutional investors.

The company had initially said Tuesday it planned to issue and sell $1.5 billion of its common stock and $1 billion in convertible debt.

The net proceeds make Trump Media one of the top bitcoin holders among publicly traded U.S. firms, the company said. "The deal positions Trump Media for the kind of rapid expansion we've always envisioned," Chief Executive Devin Nunes said.

Provided by Dow Jones May 30, 2025
By Kelly Cloonan

Read more: https://www.morningstar.com/news/dow-jones/202505307227/trump-media-closes-244-billion-private-placement-offering-for-bitcoin-treasury

[DENVERPOPS]

1. Trump and the Uber Rich Republican Oligarchs

and Republican Politicians want to corner the market on bit coin holdings, then loot all the Gold in Fort Knox to pay them for the BitCoin for the U.S. Treasury......................

[jmowreader]

2. You would have to be out of your fucking mind...

...to buy into a fund whose investment intent is buying crypto.