Trump Media Plans to Raise $2.5B By May 29 to Create a Bitcoin Treasury
Trump Media Announces $2.5 Billion Bitcoin Treasury Deal
After reports surfaced earlier this week about Trump Media raising funds to acquire Bitcoin (BTC), the company backed by Donald Trump has officially announced plans to implement a BTC treasury. Trump Media has entered into a subscription agreement with approximately 50 institutional investors in an effort to raise a total of $2.5 billion.
The company revealed that $1.5 billion will be raised through the sale of common stock, while the remaining $1 billion will be raised through 0 percent convertible senior secured notes. The offering is set to close by May 29, 2025.
“We view Bitcoin as an apex instrument of financial freedom, and now Trump Media will hold cryptocurrency as a crucial part of our assets. Our first acquisition of a crown jewel asset, this investment will help defend our Company against harassment and discrimination by financial institutions, which plague many Americans and U.S. firms and will create synergies for subscription payments, a utility token, and other planned transactions across Truth Social and Truth+,” noted Trump Media’s CEO and Chairman Devin Nunes.
The decision to adopt Bitcoin by Trump Media was seen as inevitable, especially following the launch of World Liberty Financial (WLFI). With the deal expected to be finalized before the end of the week, Bitcoin’s price is poised to rally towards a new all-time high (ATH) in the near future.
Furthermore, on-chain data reveals that the number of Bitcoin whales holding at least 1,000 BTC has been steadily increasing in recent weeks, with approximately 1,455 entities now holding this amount. Additionally, data from Santiment shows a notable rise in FOMO traders, particularly after the BTC price briefly surpassed $110,000 on Tuesday during the mid-North American trading session.
