Trump Media Group Raises $2.44 Billion to Become Major Bitcoin Holder

Today, Trump Media Group announced the completion of a private placement with approximately 50 institutional investors. The offering involved selling 55,857,181 common shares at $25.72 each, raising around $1.44 billion, and issuing $1 billion in convertible senior secured notes due 2028, with a conversion price of $34.72 per share. The total proceeds from both offerings amount to approximately $2.44 billion. Trump Media plans to allocate about $2.32 billion of the net funds to build Bitcoin reserves and use the remaining for general corporate purposes and working capital. This transaction positions Trump Media Group as one of the largest Bitcoin holders among U.S. publicly listed companies. Post-issuance, Bitcoin will be recorded on the company's balance sheet alongside $759 million in cash, cash equivalents, and short-term investments as of Q1 2025.