Claim $500Breaking: Trump Media Closes $2.3 Billion Bitcoin Treasury Deal
Highlights
- Trump Media has closed its private placement offering in a bid to raise capital to create its Bitcoin Treasury Reserve.
- The company raised $2.44 billion from the stock and senior notes sales.
- It plans to use $2.32 billion out of the money raised to buy BTC.
The Trump Media Group has made headway in its plans to create a Bitcoin Treasury Reserve. The company has just announced that it has completed its stock sale, resulting in a capital raise of almost $2.5 billion, and it intends to use $2.3 billion to purchase BTC.
Trump Media Finalizes Bitcoin Treasury Deal
In a press release, the company owned by President Donald Trump announced that it has closed its private placement offering with almost 50 institutional investors as part of its plans to create a Bitcoin Treasury Reserve.
Trump Media stated that it will use almost $2.32 billion in net proceeds from the offering to create a Bitcoin treasury and for other general corporate purposes and working capital. This will make them one of the top Bitcoin holders among US public companies. Meanwhile, the company also revealed that crypto exchange Crypto.com and Anchorage Digital will provide custody for their Bitcoin Treasury.
As CoinGape earlier reported, the company had entered into a subscription agreement with these investors to raise $1.5 billion from the stock sales and $1 billion from the convertible senior secured notes.
Trump Media revealed that the offering consisted of the sale of around 55.8 million shares of the company’s common stock and 0.00% convertible senior notes due 2028, which led to a capital raise of $1.44 billion and $1 billion, respectively. This amounts to $2.44 billion, which is just short of the $2.5 billion that the company intended to raise.
Other companies and organizations are also warming up towards the idea of a Bitcoin Reserve. As CoinGape reported, Champions League finalists PSG just announced that they hold BTC as a reserve asset.
Meanwhile, commenting on the Bitcoin Treasury Deal, Trump Media’s CEO and Chairman, Devin Nunes, said,
Trump Media is focused on acquiring great assets, and this deal will give us the financial freedom to implement the rest of our strategies. It means the Company will have more than $3 billion in liquid assets, and our shareholders will have exposure to Bitcoin. The deal positions Trump Media for the kind of rapid expansion we’ve always envisioned, and we look forward to advancing even further throughout the America First economy.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Brian Armstrong Praises Indian Police for Arresting Ex-Agent in $400M Coinbase Hack
- JPMorgan Flags Risky Stablecoin Activity, Freezes Account of Two Firms
- Another U.S. Government Shutdown Looming JAN 31? Congress Left Town With No Deal
- Are XRP and Midnight Ahead in Tokenization? Cardano’s Hoskinson Sparks Debate Amid Canton Push
- Breaking: U.S.-China Tensions Heat Up as China Imposes New Sanctions; Bitcoin Falls
- Cardano Price Eyes a 40% Surge as Key DeFi Metrics Soar After Midnight Token Launch
- FUNToken Price Surges After MEXC Lists $FUN/USDC Pair
- Bitcoin Price on Edge as $24B Options Expire on Boxing Day — Is $80K About to Crack?
- Crypto Market Rebounds: Are Bulls Positioning for a Santa Rally?
- XRP, Bitcoin, Ethereum Price Predictions Ahead of Jan 2026 CLARITY Act and US Crypto Reserve Plans
- Pi Network Analysis: Pi Coin Price Surges on Christmas Eve, Can It Hit Year-End Highs?
