Trump Media Group completes $2.44 billion financing, will use $2.32 billion to establish Bitcoin reserves

BlockBeats reports that on May 30, Trump Media Group announced the completion of its previously disclosed private placement with approximately 50 institutional investors. This issuance includes:

· The sale of 55,857,181 shares of common stock at a price of $25.72 per share, raising gross proceeds of approximately $1.44 billion;

· The issuance of $1 billion principal amount of convertible senior secured notes due 2028, with a conversion price of $34.72 per share.

The total fundraising amounts to approximately $2.44 billion. Trump Media will use approximately $2.32 billion of net proceeds to establish a Bitcoin reserve and for other general corporate purposes and working capital. As one of the largest Bitcoin reserve transactions among publicly listed companies, the net proceeds from this issuance and the company's strategy will make Trump Media Group one of the largest holders of Bitcoin among U.S. publicly listed companies.

Following this issuance, Bitcoin will be included on Trump Media Group's balance sheet, alongside $759 million in cash, cash equivalents, and short-term investments as of the end of the first quarter of 2025. (Jin10)