Trump Media and Technology Group has finalised a $2.5 billion capital raise aimed at creating one of the largest bitcoin treasuries ever held by a public company.
The deal, which includes roughly 50 institutional investors, combines $1.5 billion in equity sales with another $1 billion in convertible notes. Completion is expected by May 29, with Crypto.com and Anchorage Digital appointed to safeguard the digital assets.
Trump Media, operator of Truth Social, Truth+, and the upcoming Truth.Fi, has laid out an intent that bitcoin will become a key part of its financial structure.
In a statement, the company’s CEO and Chairman Devin Nunes said, “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+.”
The convertible notes, issued at a 0% interest rate and priced at a 35% premium, suggest investor trust in long-term value rather than short-term returns. For Trump Media, the bitcoin play serves both as a financial asset and a defensive wall against what it calls systemic bias from traditional finance.
With over $750 million already held in cash and equivalents at the close of Q1 2025, the new funds will expand the company’s asset base. Once completed, the deal will place Trump Media alongside a handful of firms globally that actively hold bitcoin as part of their core balance sheet strategy.
Yorkville Securities and Clear Street led the placement, joined by BTIG and Cohen & Company as co-placement agents. Cantor Fitzgerald advised the firm, with legal support provided by Nelson Mullins Riley & Scarborough and Reed Smith for the placement agents.
This capital raise is a change in the company’s long-term structure. Trump Media is preparing to operate less like a single-platform tech outfit and more like a financial holding company—actively acquiring “crown jewel” assets aligned with its ideological and commercial goals.
With the upcoming launch of Truth.Fi, a fintech platform, and a potential utility token on the horizon, the company is laying foundations for an alternative financial ecosystem rooted in digital currency and nationalist economic ideals.
Bitcoin’s recent rally past $110,000 adds momentum. But even without market tailwinds, this shows Trump Media’s strategy to double down on decentralised finance, cut dependence on traditional banking, and bring its user base along for the ride.
