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SARASOTA, Fla. - Trump Media and Technology Group Corp. (NASDAQ, NYSE Texas: DJT), known for operating social media platform Truth Social and other digital ventures, has finalized a significant funding round, securing approximately $2.44 billion. The company’s stock, currently trading at $14,689.3, has seen robust trading activity with a 3-month average daily volume of 163.67M shares. According to InvestingPro, the stock has moved within a 52-week range of $12,470.8 to $17,845.72. The company announced on Friday that it completed a private placement offering with around 50 institutional investors, selling shares and convertible notes.
The offering included 55,857,181 shares at $25.72 each, generating roughly $1.44 billion, and $1.00 billion in 0.00% convertible senior secured notes due 2028 at a conversion price of $34.72 per share. The stock has experienced a -7.59% year-to-date return, though recent momentum shows a positive 1.06% return over the past week. For deeper insights into DJT’s valuation metrics and growth potential, InvestingPro subscribers have access to comprehensive financial analysis and exclusive ProTips. Trump Media plans to allocate the net proceeds of approximately $2.32 billion towards establishing a Bitcoin treasury and supporting general corporate activities and working capital.
This move positions Trump Media as one of the top Bitcoin holders among U.S. publicly-traded companies, implementing a comprehensive Bitcoin treasury strategy. CEO and Chairman Devin Nunes commented on the strategy’s role in providing financial flexibility and enhancing shareholder value through Bitcoin exposure.
The transaction adds Bitcoin to the company’s balance sheet, which already includes cash, cash equivalents, and short-term investments totaling $759.0 million as of the end of the first quarter of 2025. Yorkville Securities, LLC and Clear Street LLC served as Co-lead placement agents, with additional support from BTIG, LLC and Cohen & Company Capital Markets as Co-placement agents. Cantor Fitzgerald & Co. provided financial advisory services, while legal counsel was provided by Nelson Mullins Riley & Scarborough LLP for Trump Media and Reed Smith LLP for the placement agents. Crypto.com and Anchorage Digital will handle the custody of the Bitcoin assets.
The press release also includes forward-looking statements regarding the company’s business and financial strategies, potential mergers, acquisitions, product rollouts, and the success of their streaming and financial services platforms. However, these statements are not guarantees of future performance and are subject to risks and uncertainties.
This financial strategy by Trump Media reflects an ongoing trend among companies exploring digital assets as part of their treasury management. Over the past six months, the stock has seen a -16.63% price return, highlighting the importance of monitoring both traditional and digital asset strategies. It’s based on a press release statement from Trump Media and Technology Group. Get access to real-time analysis and expert insights with InvestingPro, featuring over 30 additional financial metrics and exclusive ProTips.
In other recent news, Trump Media and Technology Group Corp. has secured approximately $2.5 billion through a private placement offering, which includes $1.5 billion in common stock and $1 billion in convertible senior secured notes. The proceeds are intended to establish a Bitcoin treasury, making it one of the largest Bitcoin investments by a public company. Rumble announced its participation in the Bitcoin 2025 conference, where its CEO will discuss free speech themes, aligning with its broader Bitcoin strategy. Meanwhile, Trump Media addressed reports about a $2.3 billion stake sale, clarifying that its recent SEC filing was a routine re-registration of shares, not a precursor to a sell-off. The company emphasized that no window for selling shares is currently open. TMTG also highlighted its expansion into streaming and financial services, with a focus on free speech and America First investment vehicles. These developments reflect the company’s strategic moves amid ongoing scrutiny of its business operations.
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