In a move that could make even the most stoic of accountants chuckle, Trump Media is embarking on a $2.5 billion bitcoin treasury strategy, vaulting digital assets onto its balance sheet like a catapulting cabbage at a village fair. This audacious endeavor aims to disrupt the staid world of traditional finance, which, let’s be honest, could use a good shake-up! 💰
Bitcoin Treasury Incoming as Trump Media Secures $2.5B From Power Investors
On the fateful day of May 27, Trump Media and Technology Group Corp. (Nasdaq, NYSE Texas: DJT) announced that it has secured commitments from institutional backers to raise approximately $2.5 billion in capital. This is part of a landmark private placement offering aimed at establishing a corporate bitcoin treasury. The company, which operates Truth Social, the streaming platform Truth+, and the fintech initiative Truth.Fi, revealed that it has “entered into subscription agreements with approximately 50 institutional investors.” Yes, you heard that right—50! That’s more than the number of people who still believe in the tooth fairy! 🧚♂️
According to Trump Media, which is majority-owned by President Donald Trump (who else?), the purpose of this capital raise is as clear as mud:
The company intends to use the proceeds for the creation of a bitcoin treasury.
CEO and Chairman Devin Nunes, in a moment of profound clarity, described the move as foundational to Trump Media’s broader ambitions to evolve into a holding company driven by America First values. “We view bitcoin as an apex instrument of financial freedom,” Nunes declared, as if he were announcing the arrival of a new messiah. “Now Trump Media will hold cryptocurrency as a crucial part of our assets.” Because nothing says “freedom” quite like a digital coin that can vanish faster than a magician’s rabbit! 🎩🐇
The Offering is expected to close on or about May 29, pending standard closing conditions—because who doesn’t love a good cliffhanger? The details of the structure underscore the scope of this initiative. The announcement explains:
The $2.5 billion offering, comprising approximately $1.5 billion in Trump Media common stock at the last market price and $1.0 billion in convertible notes at a conversion price equal to a 35 percent premium, will place bitcoin on Trump Media’s balance sheet alongside existing cash, cash equivalents, and short-term investments totaling $759.0 million as of the end of the first quarter of 2025. Yes, you read that right—2025! Time travel is real, folks! ⏳
Placement agents include Yorkville Securities and Clear Street, with BTIG and Cohen & Company also participating. Cantor Fitzgerald acted as financial advisor, while custody of the bitcoin assets will be handled by Crypto.com and Anchorage Digital. Because if you’re going to play with digital gold, you might as well have the best babysitters in the business! 🍼💎
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2025-05-27 19:27