Bitcoin Treasury Strategy Drives Trump Media’s $2.5 Billion Capital Raise

Trump Media & Technology Group (NASDAQ: DJT), the operator of Truth Social, announced on Tuesday a $2.5 billion capital raise aimed at creating a dedicated Bitcoin treasury, aligning with a growing number of publicly-traded companies investing in digital assets.

The fundraising includes $1.5 billion from the issuance of common stock and $1 billion through convertible senior secured notes, supported by approximately 50 institutional investors, according to a company statement. The transaction is expected to close on May 29.

To manage custody of its Bitcoin holdings, Trump Media has engaged Crypto.com and Anchorage Digital, two prominent players in the cryptocurrency custody space.

The development was initially reported by the Financial Times and follows a broader trend of corporations diversifying their treasuries with crypto assets.

Following the announcement, DJT shares rose more than 10% in premarket trading but saw a slight pullback during early regular market hours. Bitcoin prices remained steady, trading just above the $110,000 mark.