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SARASOTA, Fla. - Trump Media and Technology Group Corp. (NASDAQ, NYSE Texas: DJT), known for operating Truth Social and other digital platforms, has raised approximately $2.5 billion through a private placement offering. The company, whose stock currently trades at $14,535.60 with robust average daily trading volume of 165.6 million shares, stated on Tuesday that it had entered into subscription agreements with around 50 institutional investors.Want deeper insights into DJT’s trading patterns and valuation metrics? InvestingPro subscribers get access to exclusive financial analysis and real-time trading signals.
The offering, which is set to close around May 29, 2025, includes $1.5 billion in common stock and $1 billion in 0.00% convertible senior secured notes. Trump Media plans to use the proceeds to establish a Bitcoin treasury, marking one of the largest Bitcoin treasury investments by a public company to date.
Devin Nunes, CEO and Chairman of Trump Media, emphasized the strategic move, stating, "We view Bitcoin as an apex instrument of financial freedom, and now Trump Media will hold cryptocurrency as a crucial part of our assets." He further explained that the investment aims to protect the company from financial discrimination and to facilitate synergies across its various platforms, including Truth Social and the streaming service Truth+.
This capital raise will add Bitcoin to Trump Media’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. While the stock has seen a YTD decline of 8.56%, the convertible notes are priced at a 35 percent premium, reflecting investor confidence in the company’s future prospects.Unlock comprehensive financial analysis and valuation metrics with InvestingPro, including exclusive ProTips and advanced technical indicators.
The placement agents for the offering included Yorkville Securities, LLC, and Clear Street LLC as co-lead placement agents, with additional support from BTIG, LLC, and Cohen & Company Capital Markets. Cantor Fitzgerald & Co. served as financial advisor, 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 be responsible for providing custody services for the Bitcoin assets.
This press release contains forward-looking statements about Trump Media’s business and financial strategies, including the completion of the offering, potential mergers and acquisitions, and the development of their digital and financial platforms. These statements are based on current expectations and are subject to risks and uncertainties that could cause actual results to differ materially.
The information in this article is based on a press release statement from Trump Media & Technology Group.
In other recent news, Trump Media & Technology Group Corp. addressed reports regarding its financial maneuvers, clarifying that a recent SEC filing was a routine re-registration of shares rather than an indication of a stake sale. The company has also become the inaugural listing on the newly established NYSE Texas, while maintaining its primary listing on NASDAQ. In a partnership with Crypto.com, TMTG plans to launch exchange-traded funds (ETFs) focusing on American industries, pending regulatory approvals. This collaboration aims to offer digital asset-backed products, with Charles Schwab acting as the custodian.
Additionally, TMTG expanded its streaming services by launching the Truth+ app for Roku TVs, providing a variety of family-friendly programming. The company has emphasized its commitment to offering alternatives to mainstream media through its platforms. TMTG’s CEO, Devin Nunes, expressed enthusiasm for these developments, highlighting the company’s strategic moves and partnerships. Investors are advised to consider the risks detailed in TMTG’s SEC filings, as the company’s forward-looking statements are subject to various uncertainties.
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