Trump Media to Buy Bitcoin Worth $2.5 Billion in Historic Deal

According to the announcement, Trump Media has signed subscription agreements with approximately 50 institutional investors to issue and sell around $1.5 billion in common stock and $1.0 billion in convertible senior secured notes. The Offering is expected to close by May 29, 2025, pending customary conditions.

The company plans to use the proceeds to create a Bitcoin treasury, which it calls the “first acquisition of a crown jewel asset.” This move positions Trump Media among the largest Bitcoin-holding public companies, furthering its vision to evolve into a diversified holding company aligned with “America First” economic values.

CEO and Chairman Devin Nunes emphasized the strategic nature of the investment: “We view Bitcoin as an apex instrument of financial freedom. Holding Bitcoin as part of our treasury will not only protect us against financial discrimination but also unlock new opportunities across Truth Social and Truth+.”

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Nunes added that the funds will also support future acquisitions, product integrations, a utility token, and expanded payment functionality across the company’s platforms. The move is aimed at reducing the company’s exposure to traditional financial institutions while increasing independence and innovation.

The $2.5 billion Offering will place Bitcoin alongside Trump Media’s existing cash, cash equivalents, and short-term investments, which totaled $759 million at the end of Q1 2025. Crypto.com and Anchorage Digital will provide custodial services for the new Bitcoin holdings.

Yorkville Securities and Clear Street are serving as co-lead placement agents, with BTIG and Cohen & Company Capital Markets as co-placement agents. Cantor Fitzgerald is acting as financial advisor, and legal counsel is being provided by Nelson Mullins and Reed Smith.

This bold Bitcoin treasury strategy marks a defining moment in Trump Media’s push to expand its financial infrastructure and influence in the digital economy.

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