Key dealers
- Trump Media will collect $ 2.5 billion to create one of the largest Bitcoin state funds among public companies.
- The Treasury business includes $ 1.5 billion in ordinary shares and $ 1 billion in convertible banknotes.
Trump Media and Technology Group Corp (TMTG), which drives truth social and other Trump-labeled media and technology platforms, announced Tuesday plans to collect $ 2.5 billion in an attempt to build a Bitcoin state fund.
The company will adopt a gaming book similar to Michael Saylor’s strategy and offers $ 1.5 billion in stock and $ 1 billion in convertible senior -secured notes to a selected group with approximately 50 institutional investors. The transaction is expected to close on Thursday, May 29.
In a statement on Tuesday, Trump Media Ceo Devin Nunes said that the company sees Bitcoin as the “APEX instrument for economic freedom” and will now keep crypto as an important part of its business assets. Bitcoin touched short $ 110,700 on the company’s bitcoin treasury plan, per tradingview.
“Our first acquisition of a Crown Jewel access, this investment will help to defend our company against harassment and discrimination against financial institutions, which torment many Americans and US companies, and will create synergies for subscription payments, a tool token and other planned transactions on the social and truth of truth+,” not “It is a big step forward in the company’s plans to develop into a holding company by acquiring further profit generation, Crown Jewel assets that are consistent with America First Principles.”
The convertible banknotes will have an interest rate by zero percent and have a conversion price set for a premium of 35%. From the end of F1 2025 reported the company to have $ 759 million in cash, equivalent and short -term investment.
Yorkville Securities, LLC and Clear Street LLC serve as mediators, with BTIG, LLC and Cohen & Company Capital Markets which act as sam placement agents. Crypto.com and Anchorage Digital will provide custody services for Bitcoin Treasury.
Crypto.com and Yorkville America Digital recently entered a deal with Trump Media in a bid To bring America-First Crypto ETFs to the market, including those bound to Bitcoin and Cronos.
The announcement follows a Monday report from the Financial Times, which claimed that Trump Media was trying to collect $ 3 billion through stock sales.
According to the report, the net profit would be used to acquire bitcoin and other crypto assets. The report also noted that the announcement was expected to precede the Bitcoin conference, which begins today.
The event, the largest in its kind, features An assortment of High -profile figures, including Vice President JD Vance, Donald Trump Jr., Eric Trump and White House Krypto Czar, David Sacks. Michael Saylor is also scheduled to participate, along with other prominent industry leaders.
In the same report, the Financial Times said it contacted the company for comments and received an answer that claimed that the publication has “stupid writers who listen to even stupid sources.”