Trump Media Group announces the launch of a $2.5 billion Bitcoin treasury strategy

ChainCatcher news, according to market news, the Trump Media Technology Group announced that it will launch a Bitcoin treasury strategy of approximately $2.5 billion, aimed at incorporating BTC into its asset reserves for financial stability and long-term value storage.

The Trump Media Technology Group has reached subscription agreements with about 50 institutional investors for a total private placement of approximately $2.5 billion. This issuance includes about $1.5 billion in common stock and $1 billion in zero-interest convertible preferred secured notes, with the proceeds intended for the creation of a Bitcoin treasury. The company will use Crypto.com and Anchorage Digital to custody its Bitcoin funds, and this issuance is expected to be completed around May 29, 2025.