Overview

• Trump Media & Technology Group entered into subscription agreements with about 50 institutional investors to sell $1.5 billion in common stock and $1 billion in zero-coupon convertible notes.
• The $2.5 billion offering is expected to close around May 29, adding Bitcoin to the firm’s balance sheet alongside $759 million in existing cash and investments.
• Crypto.com and Anchorage Digital will provide custody for the Bitcoin treasury, creating one of the largest corporate crypto reserves.
• The move aligns with President Trump’s push to make the U.S. a leading crypto hub and supports Trump Media’s diversification into financial services.
• Shares of Trump Media fell more than 8% following the announcement, reflecting investor concerns about dilution and potential conflicts between the company’s assets and presidential duties.