Trump Media Announces Approximately $2.5 Billion Bitcoin Treasury Deal
SARASOTA, Fla., May 27, 2025 (GLOBE NEWSWIRE) -- Trump Media and Technology Group Corp. (Nasdaq, NYSE Texas: DJT) ('Trump Media' or the 'Company'), operator of the social media platform Truth Social, the streaming platform Truth+, and the FinTech brand Truth.Fi, announced today that it has entered into subscription agreements with approximately 50 institutional investors, under which the Company agreed to issue and sell approximately $1.5 billion in the Company's common stock and $1.0 billion in principal amount of 0.00% convertible senior secured notes, for gross proceeds of an aggregate approximately $2.5 billion, in a private placement offering (the 'Offering').
The Offering is expected to close on or about May 29, 2025, subject to satisfaction of customary closing conditions.
The Company intends to use the proceeds for the creation of a Bitcoin treasury. One of the largest Bitcoin treasury deals of any public company, the move closes Trump Media's previously announced special acquisition fund, which is one of numerous ways, including through potential mergers and acquisitions, that the Company is aiming to expand its reach throughout the America First economy.
Trump Media's CEO and Chairman Devin Nunes said, 'We view Bitcoin as an apex instrument of financial freedom, and now Trump Media will hold cryptocurrency as a crucial part of our assets. Our first acquisition of a crown jewel asset, this investment will help defend our Company against harassment and discrimination by financial institutions, which plague many Americans and U.S. firms, and will create synergies for subscription payments, a utility token, and other planned transactions across Truth Social and Truth+. It's a big step forward in the Company's plans to evolve into a holding company by acquiring additional profit-generating, crown jewel assets consistent with America First principles.'
The $2.5 billion Offering, comprising approximately $1.5 billion in Trump Media common stock at the last market price and $1.0 billion in convertible notes at a conversion price equal to a 35 percent premium, will place Bitcoin on Trump Media's balance sheet alongside existing cash, cash equivalents, and short-term investments totaling $759.0 million as of the end of the first quarter of 2025.
Yorkville Securities, LLC and Clear Street LLC acted as Co-lead placement agents, with BTIG, LLC and Cohen & Company Capital Markets acting as Co-placement agents (collectively, the 'Placement Agents'). Cantor Fitzgerald & Co. acted as financial advisor. Nelson Mullins Riley & Scarborough LLP is serving as legal counsel to the Company. Reed Smith LLP is serving as legal counsel to the Placement Agents.
Crypto.com and Anchorage Digital will provide custody for Trump Media's Bitcoin treasury.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in the United States or any other state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Cautionary Statement About Forward-Looking Statements
This press release includes forward-looking statements regarding, among other things, the plans, strategies, and prospects, both business and financial, of Trump Media. We have based these forward-looking statements on our current expectations and projections about future events, including expected timing and result of the Offering, the closing date, potential merger & acquisition activity, the rollout of products and features, our Bitcoin treasury strategy, the future plans, timing and potential success of the streaming services and the launch and success of our financial services and FinTech platform. Although we believe that our plans, intentions, and expectations reflected in or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, intentions, or expectations. Forward-looking statements are inherently subject to risks, uncertainties, and assumptions. Generally, statements that are not historical facts, including statements concerning possible or assumed future actions, business strategies, events, or results of operations, are forward-looking statements. These statements may be preceded by, followed by, or include the words 'believes,' 'estimates,' 'expects,' 'projects,' 'forecasts,' 'may,' 'will,' 'should,' 'seeks,' 'plans,' 'scheduled,' 'anticipates,' 'soon,' 'goal,' 'intends,' or similar expressions. Forward-looking statements are not guarantees of future performance, and involve risks, uncertainties and assumptions that may cause our actual results to differ materially from the expectations that we describe in our forward-looking statements. There may be events in the future that we are not accurately able to predict, or over which we have no control.
About Trump Media
The mission of Trump Media is to end Big Tech's assault on free speech by opening up the Internet and giving people their voices back. Trump Media operates Truth Social, a social media platform established as a safe harbor for free expression amid increasingly harsh censorship by Big Tech corporations, as well as Truth+, a TV streaming platform focusing on family-friendly live TV channels and on-demand content. Trump Media is also launching Truth.Fi, a financial services and FinTech brand incorporating America First investment vehicles.
Investor Relations Contact
Shannon Devine (MZ Group | Managing Director - MZ North America)
Email: [email protected]
Media Contact
[email protected]
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Forbes
14 minutes ago
- Forbes
More Musk-Trump Fallout: Tesla Sales Will Shrink At Historic Pace, Goldman Says
A pessimistic prediction for Tesla sales from Goldman Sachs added further fuel to the Tesla fire, as the unraveling relationship between Tesla CEO Elon Musk and his former close ally President Donald Trump plays out publicly, accelerating Wall Street's concerns about the increasing exposure of Tesla to Musk's outspoken politics. Elon Musk has alienated 'multiple sides of the political spectrum' from Tesla, according to one ... More prominent Wall Street analyst. In a late Thursday note to clients, Goldman Sachs analysts led by Mark Delaney slashed their forecast for second-quarter Tesla vehicle deliveries to 365,000, far below consensus analyst forecasts of 405,000, according to FactSet. That would be an 18% decline from the same period last year, equating to by far the weakest quarterly deliveries growth since at least 2015, the extent of quarterly delivery data available on Tesla's investor relations website. It's another knock for Tesla as analysts warn this week's quarrel between Musk and the president, who Musk donated $288 million last year to help elect alongside other Republican candidates, could further weigh on Tesla, which is already grappling with declining brand sentiment on the left, historically the base for EV purchasers. This disagreement 'could potentially (temporarily) alienate multiple sides of the political spectrum," warned Morgan Stanley analyst Adam Jonas in a Friday note. Tesla stock bounced back Friday, gaining 6% by early afternoon as part of a broader rally. That only recovered a small portion of Thursday's historic loss, as the Musk-led firm's share price is down 9% since Wednesday. The Musk-Trump division "clearly raises the degree of [near-term' uncertainty' for Tesla, according to TD Cowen analyst Itay Michaeli. Amid the kerfuffle, Trump threatened to cancel all of the federal government's contracts with Musk's portfolio of companies. That would likely impact the private aerospace and communications firm SpaceX far more than Tesla, which does not rely on government contracts for a significant portion of its revenues, but there is a way Trump could target Tesla's bottom line directly. Trump could restrict Tesla's ability to sell its automotive regulatory credits, according to Morningstar strategist Seth Goldstein, referring to the essentially free profit Tesla gets from selling its emissions credits to gas-powered automakers. That could dramatically reduce Tesla profits, as it reported $595 million in those regulatory credits compared to a $934 million net income during 2025's first quarter, meaning the credits directly contributed about two-thirds of its net profit. Since Musk announced his purchase of Twitter (now X) in 2022, Tesla stock has frequently faced downward pressure as its top decisionmaker and shareholder Musk became increasingly outspoken on politics to much controversy. Musk endorsed Trump in July and rose to become perhaps the most prominent and powerful figure in the early days of Trump's second administration, though the perceived impact of Musk's buddying up to Trump turned negative this year as sales globally for the automaker tumbled. In a further sign of fray in the relationship between Musk and Trump, the president has decided to sell his Tesla Model S, according to the New York Times. Tesla is expected to report its Q2 delivery numbers July 2.
Fox News
15 minutes ago
- Fox News
Behind the scenes of Trump's 'iconic' McDonald's visit before election victory
Fox Nation is offering a rare glimpse into Donald Trump's pivotal McDonald's visit during the final weeks of his 2024 campaign with a multi-episode installment of "The Art of the Surge." It all starts at a McDonald's drive-thru, where the then-GOP nominee traded a suit for an apron and got to work as a fry cook in Feasterville, Pennsylvania last October. "I've always wanted to work at McDonald's, and I never did," he told workers inside the building. The first episode of the series documents Trump's "first day" on the job from the very beginning, as he requested to work the french fry cooker and learned the process. He walked through, step-by-step, dunking fries into hot oil, shaking the basket, pouring servings into the signature red McDonald's cartons and sprinkling salt over them. It became an iconic moment on the campaign trail as the notorious New York City business magnate-turned-president performed a job many Americans have had at one point in their lives. He even greeted customers wrapped around the building at the drive-thru window. As one family took a Happy Meal from his hands he quipped with a smile, "It's going to be the best you've ever had. It had better be. I made it myself." Customers passed on their messages of encouragement as the high-stakes faceoff with then-vice president and Democratic presidential candidate Kamala Harris was merely two weeks away, with both teams in a mad sprint to the finish line. "Make America great again!" one driver said. Another, shaking hands with Trump, said, "45-47, you've got this, sir." Trump paused, on occasion, to wave at the mass of fans cheering and holding "Trump-Vance" signs nearby. He told WTXF reporter JoAnn Pileggi that the crowd was smiling and upbeat because they wanted hope. Turning back inside the building, he faced the camera at one point and smiled as he noted how much fun he was having. "I could do this all day. I wouldn't mind this job," he said. Trump's efforts were viewed by many as a mockery of a claim his opponent had worked for the fast food chain while in college. At one point, Trump even remarked, "I've now worked for 15 minutes. Fifteen more than Kamala." As his team departed on his personal plane, Trump's deputy director of communications Margo Martin enthused about the day. "That was epic," she said. "Donald Trump working the McDonald's drive-thru – iconic." Trump would go on to defeat Harris in the 2024 election, sweeping all campaign swing states, including Pennsylvania. "The Art of the Surge" follows that journey to the finish line even after the McDonald's stop-in, showing last-minute efforts like podcast visits and his massive Madison Square Garden rally, while also featuring Trump allies like Alina Habba, Tulsi Gabbard, Hulk Hogan and more. To watch the series, subscribe to Fox Nation and begin streaming "The Art of the Surge" today. Fox Nation programs are viewable on-demand and from your mobile device app, but only for Fox Nation subscribers. Go to Fox Nation to start a free trial and watch the extensive library from your favorite Fox Nation personalities.
CNET
15 minutes ago
- CNET
This Nifty Device Makes My Refrigerator Smarter, and Now It's 16% Off
Following general food safety guidelines and individual package instructions will go a long way to keeping your refrigerated perishables fresh. But there are quite a few products out there that can help you do so with more precision. One device I have personally tested and loved is the Shelfy smart refrigerator device. Its manufacturer, Vitesy, says the Shelfy will extend food freshness up to 12 days while removing bad food odors from your fridge. We just spotted the Shelfy on sale -- get one for $126, a 16% discount, or two for $230, a 23% discount -- making now a good time to spring for it if you've been wanting to try it out. While testing out the device, I was happily surprised with its performance, but one thing specifically stuck out to me: the easy-to-use Vitesy app that pairs with Shelfy. Hey, did you know? CNET Deals texts are free, easy and save you money. The Vitesy Hub app helps the Shelfy shine Shelfy sits in your fridge, measuring a relatively compact 6.51 inches tall, 4.5 inches wide and 2.38 inches in diameter, and it works to prolong freshness through a washable photocatalytic filter. However, in order for the device to do its job, it needs to be near your fresh produce. So, if you store your fruits and veggies in a drawer in your fridge, your Shelfy should be in that drawer too in order to work as it's intended. Or if you typically leave your kale and spinach in the bag or plastic container you bought it in, you should remove it from the container and store it in your fridge near the Shelfy. Read more: Best Kitchen Tools to Fight Food Waste When I tested the Shelfy out, it was slightly heavier than I imagined, and because I have a smaller fridge, it takes up quite a bit of precious space. But I've found that I prefer using it in my produce drawer anyways, since that's where my carrots, apples, lemons and greens typically are. The Shelfy operates in three modes: Eco, Crisper and Performance, and can last up to three weeks in Eco Mode. I use it in Crisper Mode since that's what is recommended when it's stored in a drawer. The device is rechargeable with an included USB cord. While doing its work, it generates noise at 30 decibels, which, to me, sounds like the world's smallest fan. When opening my fridge, I don't typically hear it in the drawer. While I can't fully say for sure if it extends the freshness of my produce since I tend to use it pretty quickly, I know for sure it hasn't lessened its shelf life in any way. And the Shelfy does seem to eliminate smells in the fridge, which is a huge plus when you're storing produce without any packaging or Tupperware. But my personal favorite part is that the device connects to the Vitesy Hub app that gives you more information about your fridge, such as how many times your fridge has been opened and for how long, the temperature of your fridge, and how many days until the Shelfy's filter needs to be washed. There's also a food storage expert section that tells you the best way to store the food in your fridge for optimal freshness. For example, if you type "cilantro" in the search bar, it will tell you its seasonality and storage tips. "Treat cilantro like a bouquet of flowers! Trim the stems, place them in a glass of water, cover the leaves with a loose plastic bag and refrigerate," the storage tip reads. "This method keeps cilantro vibrant and fresh for a longer duration." Read more: 31 Great Tech Gifts Under $100 Sure, you could find this information elsewhere online, but I personally love having it all in one spot and using this app almost makes it feel like I have a smart fridge now. In addition, there is a section on cleaning the fridge where you can set up alerts to remind you when it's time to clean your fridge (mine is currently set to remind me every 120 days). Plus, it provides you with a seven-step section on how to properly keep your fridge tidy. The Shelfy is my favorite device-and-app combo that helps me care for my fridge and everything inside of it. Why the Shelfy makes a great gift The Shelfy is perfect for anyone who wants to waste less food, freshen up the air in their fridge or learn more about storing their food properly. The Shelfy originally launched at $180. But these days it is typically listed at $150, and it's now down to $126, a savings of 16%. However, if you buy two (maybe one for you?), the savings tick up to 23%. For other gift ideas, you can also check out CNET's roundup of the best Father's Day gifts and the best gifts for grads. And read about some of our editors' personal favorite products, like the ultimate coffee and espresso system, a game-changing air fryer and one editor's favorite enamelware pot.
