Trump Media & Technology Group (TMTG), the parent company of Truth Social, has completed a $2.44 billion private capital raise, positioning itself to create one of the largest corporate Bitcoin treasuries in the U.S.
The funding package includes two parts: $1.44 billion from the sale of nearly 56 million DJT shares at $25.72 each and $1 billion from convertible notes maturing in 2028, with a conversion price of $34.72
After accounting for related costs, the company now holds $2.32 billion in usable capital, most of which will be used to purchase Bitcoin for a corporate treasury initiative. The remaining funds are earmarked for working capital and operational expansion, as TMTG looks to deepen its presence in media and digital finance.
The move aligns Trump Media with Bitcoin-centric firms like MicroStrategy, signaling a deliberate shift toward Bitcoin-backed corporate treasuries as part of a broader digital asset strategy.
DJT Shares Dip, Then Rebound After Confirmation
TMTG’s Nasdaq-listed stock, DJT, saw significant volatility following the announcement. On Tuesday, shares fell 10% amid investor concerns over the company’s aggressive Bitcoin strategy. However, by Friday, confidence appeared to rebound—DJT gained 3.3%, closing at $21.52.
Despite the week’s recovery, the stock remains down more than 36% year-to-date.
CEO Devin Nunes defended the initiative, calling it a strategic step toward financial independence and digital integration.
“Our shareholders will now have exposure to Bitcoin,” Nunes said, describing the move as a path to
“the kind of rapid expansion we’ve always envisioned.”
With the cash infusion, TMTG now boasts over $3 billion in liquid assets, fueling speculation about upcoming acquisitions and broader plays in alternative finance.
Trump Media Joins Elite Corporate Bitcoin Holders
According to company statements, Trump Media intends to directly add Bitcoin to its balance sheet, joining a small group of U.S. companies treating BTC as a strategic core asset rather than a speculative hedge.
The Bitcoin allocation would supplement TMTG’s previously reported $759 million in Q1 cash and short-term holdings, pushing its total asset reserves beyond $3 billion.
If fully implemented, the initiative would mark one of the largest BTC purchases by a publicly traded U.S. company, second only to MicroStrategy (now rebranded as Strategy), which holds over 580,000 BTC.
This move also positions Trump Media at the intersection of crypto and politics—tapping into a rising “America First economy” narrative that embraces Bitcoin as a symbol of sovereignty, decentralization, and ideological independence from traditional finance.
Quick Facts
- Trump Media raised $2.44B through stock and convertible notes
- Net usable capital totals approximately $2.32B
- Majority of funds to be used for Bitcoin treasury
- DJT shares fell 10%, then rebounded 3.3% post-confirmation
- Company now holds over $3B in liquid assets
