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By Krisztian Sandor|Edited by Stephen Alpher
May 27, 2025, 1:38 p.m.
- Trump Media and Technology Group announced a $2.5 billion capital raise to create a bitcoin treasury.
- The company said it has secured agreements with about 50 institutional investors for $1.5 billion in common stocks and $1 billion in convertible notes.
- The news — initially reported on Monday by the FT — provided a modest but fleeting bump in both DJT stock and BTC.
Trump Media and Technology Group (DJT), the publicly-traded company that operates the social media site Truth Social, announced on Tuesday a $2.5 billion capital raise to create a bitcoin
treasury.
The company has entered into subscription agreement with about 50 institutional investors, issuing $1.5 billion in common stock and $1 billion in convertible senior secured notes, according to a press release. The offering is expected to close on May 29. Crypto.com and Anchorage Digital will provide custody services for the firm’s BTC holding.
STORY CONTINUES BELOW
The story was initially reported on Monday by the Financial Times.
DJT jumped more than 10% in premarket action, but has turned modestly lower in early regular session trading. Bitcoin is marginally higher, trading just above $110,000.
Krisztian Sandor is a U.S. markets reporter focusing on stablecoins, tokenization, real-world assets. He graduated from New York University’s business and economic reporting program before joining CoinDesk. He holds BTC, SOL and ETH.
