Trump Media Closes $2.44 Billion Private Placement to Launch Bitcoin Treasury

Trump Media Announces Major Bitcoin Treasury Initiative

Trump Media and Technology Group Corp. (Nasdaq, NYSE Texas: DJT) has successfully closed a private placement offering, raising approximately $2.44 billion. The funds will be used to establish a Bitcoin treasury, positioning the company as one of the top Bitcoin holders among publicly-traded U.S. firms.

Key Details of the Offering

• Equity Sale: 55,857,181 shares of common stock were sold at $25.72 per share, generating $1.44 billion in gross proceeds.
• Convertible Notes: $1.00 billion in 0.00% convertible senior secured notes due 2028 were issued at a conversion price of $34.72 per share.
• Net Proceeds: Approximately $2.32 billion will be allocated to create the Bitcoin treasury and cover general corporate expenses.

Strategic Implications

The deal underscores Trump Media's commitment to building a robust Bitcoin treasury, aligning with its broader strategy to strengthen financial flexibility and expand operations. CEO Devin Nunes emphasized that the transaction provides over $3 billion in liquid assets, enhancing shareholder exposure to Bitcoin and supporting the company's vision for rapid growth within the "America First economy."

Financial and Legal Partners

• Placement Agents: Yorkville Securities, LLC, Clear Street LLC, BTIG, LLC, and Cohen & Company Capital Markets facilitated the offering.
• Financial Advisor: Cantor Fitzgerald & Co.
• Legal Counsel: Nelson Mullins Riley & Scarborough LLP for Trump Media and Reed Smith LLP for the placement agents.
• Custody Services: Crypto.com and Anchorage Digital will secure the company's Bitcoin holdings.

This move solidifies Trump Media's position as a leader in integrating Bitcoin into its corporate strategy, reflecting a growing trend among public companies to adopt Bitcoin as a reserve asset.