Trump Media Finalizes $2.44B Private Offering, Plans $2.32B Bitcoin Purchase
Trump Media & Technology Group has completed its previously announced private placement, raising approximately $2.44 billion from around 50 institutional investors. The company plans to use $2.32 billion in net proceeds to build a corporate bitcoin treasury and support general corporate needs and working capital.
The offering included the sale of 55.8 million common shares (ticker: DJT) at $25.72 each, generating $1.44 billion in gross proceeds, along with $1 billion in 0.0% convertible senior secured notes due 2028, convertible at $34.72 per share.
Trump Media, which operates the Truth Social platform and the fintech brand Truth.Fi, said the move marks a significant step in its long-term financial strategy. Despite a 10% drop in DJT shares following the initial bitcoin announcement earlier this week, the stock rebounded slightly on Friday, up 3.3% to $21.52 at the time of reporting. Still, the stock remains down over 36% year-to-date.
“This deal gives us the financial freedom to pursue our broader vision,” said CEO and Chairman Devin Nunes. “With over $3 billion in liquid assets, including a significant Bitcoin position, Trump Media is positioned for the kind of rapid growth we’ve always planned. Our shareholders now have direct exposure to Bitcoin as we continue to lead in the America First economy.”
Trump Media & Technology Group has completed its previously announced private placement, raising approximately $2.44 billion from around 50 institutional investors. The company plans to use $2.32 billion in net proceeds to build a corporate bitcoin treasury and support general corporate needs and working capital.
The offering included the sale of 55.8 million common shares (ticker: DJT) at $25.72 each, generating $1.44 billion in gross proceeds, along with $1 billion in 0.0% convertible senior secured notes due 2028, convertible at $34.72 per share.
Trump Media, which operates the Truth Social platform and the fintech brand Truth.Fi, said the move marks a significant step in its long-term financial strategy. Despite a 10% drop in DJT shares following the initial bitcoin announcement earlier this week, the stock rebounded slightly on Friday, up 3.3% to $21.52 at the time of reporting. Still, the stock remains down over 36% year-to-date.
“This deal gives us the financial freedom to pursue our broader vision,” said CEO and Chairman Devin Nunes. “With over $3 billion in liquid assets, including a significant Bitcoin position, Trump Media is positioned for the kind of rapid growth we’ve always planned. Our shareholders now have direct exposure to Bitcoin as we continue to lead in the America First economy.”