Private Placement Raises $2.44B To Build Bitcoin Treasury

Trump Media & Technology Group has officially closed a private placement deal worth approximately $2.44 billion, announcing that Bitcoin will now play a key role in its balance sheet strategy. The offering included 55.8 million common shares and convertible notes due 2028.

The company confirmed it will use roughly $2.32 billion in net proceeds to establish a Bitcoin treasury reserve, along with other general corporate purposes and working capital.

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Devin Nunes, CEO of Trump Media, said the deal gives the company “more than $3 billion in liquid assets” and positions it for aggressive expansion within the so-called America First economy.

Stock Reaction Mixed Amid Bitcoin Strategy Push

DJT, Trump Media’s stock on Nasdaq, dropped by 10% after the initial announcement but rebounded later in the week, rising about 3.3% to $21.52 at the time of publication. Still, the stock remains over 36% down year-to-date.

The company said the move will make it one of the largest corporate Bitcoin holders among U.S. public companies, rivaling the likes of Strategy (formerly MicroStrategy), which currently holds over 580,000 BTC.

With $759 million in cash and equivalents reported at the end of Q1, Trump Media is poised to reshape its financial profile through digital assets.

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The post Trump Media To Buy Bitcoin With $2.32B From Private Offering appeared first on Coin Engineer.