Trump Media has announced a $2.5 billion financing deal to establish a Bitcoin treasury. The offering includes $1.5 billion in common stock and $1 billion in convertible senior secured notes. The company plans to use the proceeds to build a Bitcoin treasury. TMTG CEO Devin Nunes stated that this move will strengthen the digital payment infrastructure for Truth Social and Truth+ platforms while creating a safety net against financial censorship. The Bitcoin will be custodied through partnerships with Crypto.com and Anchorage Digital. The deal is expected to close on May 29, 2025.
Deal Details and Structure
Trump Media aims to establish a Bitcoin treasury with the $2.5 billion financing. The offering consists of two main components: $1.5 billion in common stock and $1 billion in convertible senior secured notes. This financing is part of the company’s strategy to increase cryptocurrency investments. The Bitcoin treasury reflects the company’s shift toward cryptocurrencies as a long-term store of value. Crypto.com and Anchorage Digital will be responsible for securely storing the Bitcoin. These platforms are recognized for their reliability in the industry. The deal is expected to close on May 29, 2025. The proceeds will be used to create the company’s Bitcoin treasury. This move closes TMTG’s previously announced private acquisition fund and is seen as part of the company’s growth strategy under the “America First” economic framework.
Market Impacts and Key Statements
Trump Media’s Bitcoin treasury could increase institutional investors’ interest in cryptocurrencies. In particular, Bitcoin’s positioning as a store of value is gaining strength. However, some experts highlight the risks of this move. For instance, former U.S. Treasury Secretary Lawrence Summers had questioned the viability of Bitcoin reserves. Nevertheless, the Trump family’s interest in cryptocurrencies is growing. Previously, Donald Trump and Melania Trump launched their own cryptocurrencies. Additionally, the Trump family’s American Bitcoin mining venture has drawn attention. Meanwhile, concerns about market volatility persist. Trump’s tariff policies could indirectly impact Bitcoin prices. Still, institutional buying is predicted to potentially drive Bitcoin prices to record levels by May 2025.
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