Trump Media & Technology Group (Nasdaq: DJT), the operator of the social platform Truth Social, announced plans to raise $2.5 billion to establish a Bitcoin treasury, aligning itself with a growing list of public companies adopting crypto-based reserve strategies.
According to a company press release issued Tuesday, Trump Media has secured subscription agreements with approximately 50 institutional investors. The capital raise includes $1.5 billion in newly issued common stock and $1 billion in convertible senior secured notes. The transaction is expected to close on May 29.
The company has selected Crypto.com and Anchorage Digital to serve as custodians for its Bitcoin holdings.
The move, initially reported by the Financial Times on Monday, signals Trump Media’s entry into the growing trend of corporate crypto treasury adoption.
Shares of DJT surged more than 10% in premarket trading following the announcement but slipped modestly lower during early regular session hours. Bitcoin was trading slightly higher, hovering just above $110,000.
