Trump Media Group completes $2.44 billion financing, becomes a major Bitcoin holder as a public company

Trump Media Group announced today that it has completed the previously disclosed private placement with approximately 50 institutional investors. This issuance includes: ① the sale of 55,857,181 shares of the company's common stock at a price of $25.72 per share, raising gross proceeds of approximately $1.44 billion; ② the issuance of $1 billion principal amount of convertible senior secured notes due 2028, with a conversion price of $34.72 per share. The total funds raised amount to approximately $2.44 billion. Trump Media will use approximately $2.32 billion of the net proceeds to establish a Bitcoin reserve and for other general corporate purposes and working capital. As one of the largest Bitcoin reserve transactions among publicly listed companies, the net proceeds from this issuance and the company's strategy will make Trump Media Group one of the largest holders of Bitcoin among U.S. publicly listed companies. After this issuance, Bitcoin will be included in Trump Media Group's balance sheet, alongside a total of $759 million in cash, cash equivalents, and short-term investments as of the end of the first quarter of 2025.