In what is a big moment for both the company and the asset, Trump Media & Technology Group (DJT) has officially signed an agreement of $ 2.32 billion to establish a Bitcoin Treasury. Specifically, the move will see the company buy and keep the leading Cryptocurrency, according to a new press release.
The company behind the US president’s truth brand announced that the deal has completed the private offer with “50 institutional investors.” In addition, the transaction was made through the sale of over 55 million shares at an average price of $ 25.72 per share together with the Senior Secured Notes due in 2028 to a major amount of $ 1 billion.
Just in: 🇺🇸 Trump Media officially signs $ 2.32 billion to buy bitcoin and keep it as a government fund. pic.twitter.com/aqgmdmjmts
– watcher.guru (@watcherguru) May 30, 2025
Since his return to the White House, US President Donald Trump has placed a clear emphasis on the Cryptocurrency sector. It has been expanded to the company that bears his name. Actually, Firm announced this week Its intention to inject billions into the asset class through a new state plan.
That deal has officially worked today. Specifically, Trump Media Group has signed the deal that will see the company buy and hold $ 2.32 billion in bitcoin as a government fund. Although it is less than the previously stated $ 2.5 billion, it represents a great moment for the asset class and the company.
Also read: US President Trump urges Congress to adopt StableCoin legislation
“Trump Media is focused on acquiring large assets, and this business will give us financial freedom to implement the rest of our strategies,” said CEO and chairman Devin Nunes. “This means that the company will have more than $ 3 billion in liquid assets, and our shareholders will have exposure to Bitcoin.”
“The deal positions Trump Media for the kind of rapid expansion we have always imagined,” Nunes added. The investment seems to have come up with Perfect time. Earlier this year, Bitcoin reached a maximum of $ 111,000. In addition, it seems to be just the beginning for Cryptocurrency.