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Image Credit: Bloomberg Quint

Trump Media To Raise $2.5 Billion In Capital To Buy Bitcoin

  • Trump Media & Technology Group Corp. plans to raise $2.5 billion in capital by selling $1.5 billion in stock and $1 billion in 0% convertible notes to buy Bitcoin for its treasury.
  • The company aims to follow Michael Saylor's model by using equity and fixed-income offerings to fund Bitcoin purchases, adding Bitcoin to its balance sheet alongside existing assets worth $759 million.
  • The move is intended to protect the company from financial institutions' harassment and discrimination, creating synergies for subscription payments and other transactions across Truth Social and Truth+.
  • Cryptocurrency companies like Crypto.com and Anchorage Digital will provide custody for the Bitcoin treasury, with Yorkville Securities and Clear Street acting as lead placement agents for the offerings expected to close by May 29.

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