27 May 2025
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Trump Media Secures $2.5 Billion for Bitcoin Treasury Initiative
Trump Media and Technology Group (DJT) announced a $2.5 billion capital raise to establish a bitcoin treasury.
- The company signed a subscription agreement with around 50 institutional investors.
- It plans to issue $1.5 billion in common stock and $1 billion in convertible senior secured notes.
- The offering is set to close on May 29.
- Crypto.com and Anchorage Digital will manage the custody of its bitcoin holdings.
- DJT shares rose over 10% in premarket trading but have since declined slightly.
- Bitcoin is trading above $110,000.