Trump Media Secures $2.5 Billion for Bitcoin Treasury, Expanding Crypto Holdings

Trump Media and Technology Group, the parent company behind Truth Social and other digital ventures, has just closed a significant deal, securing a total of $2.44 billion through a private placement with over 50 institutional investors. This investment involved nearly 56 million shares sold at an average price of $25.72 per share, alongside the issuance of $1 billion in convertible notes maturing in 2028. The company plans to utilize these funds primarily for bolstering its Bitcoin reserves and supporting daily operations.