Trump Media & Technology Group Completes $2.44 Billion Funding Round, Will Use $2.32 Billion to Build Bitcoin Reserves

BlockBeats News, May 30th, The Trump Media Group announced today that it has completed the previously announced private placement with around 50 institutional investors. The offering includes:

· Sale of 55,857,181 shares of common stock of the company at a price of $25.72 per share, raising approximately $1.44 billion in gross proceeds;

· Issuance of $1 billion principal amount of 2028 convertible senior secured notes, with a conversion price of $34.72 per share.

The total proceeds from the two offerings amount to approximately $2.44 billion. Trump Media will use around $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 public companies, the net proceeds from this offering and the company's strategy will make the Trump Media Group one of the largest Bitcoin-holding companies among U.S. public companies.

Following this offering, Bitcoin will be included in the Trump Media Group's balance sheet, alongside the total of $759 million in cash, cash equivalents, and short-term investments as of the end of the first quarter of 2025. (Golden Finance)