Trump Media Closes Roughly $2.4 Billion Financing to Establish Corporate Bitcoin Treasury

Donald Trump’s Trump Media & Technology Group has completed a private placement of roughly $2.44 billion to establish a Bitcoin treasury, according to market updates on 30 May 2025.

The publicly traded company, which operates the president’s social-media platform Truth Social and trades under the ticker DJT, first disclosed on 28 May that it aimed to raise up to $2.5 billion through share and bond sales. Friday’s closing boosts the firm’s cash holdings to more than $3 billion, up from just under $800 million before the transaction.

TMTG reportedly intends to deploy $2.32 billion in net proceeds to purchase Bitcoin for long-term reserves, making it one of the largest corporate allocations to the cryptocurrency. The financing aligns with Trump’s recent endorsement of a strategic U.S. Bitcoin reserve and underscores his family-controlled media group’s deepening commitment to digital assets.

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