Trump Media & Technology Group has officially confirmed its plan to add Bitcoin (BTC) to its corporate treasury, following earlier unverified reports. The company, backed by former U.S. President Donald Trump, entered a subscription agreement with nearly 50 institutional investors to raise $2.5 billion.
Specifically, Trump Media aims to generate $1.5 billion by selling common stock, while it plans to secure the remaining $1 billion through zero-percent convertible senior secured notes. The company expects to close the offering by May 29, 2025.
“Bitcoin represents the pinnacle of financial independence,” said Devin Nunes, CEO and Chairman of Trump Media. “By adding BTC to our balance sheet, we’re taking a bold step to protect the company from financial censorship and targeting issues that affect countless American firms. This investment will not only strengthen our defenses but also expand functionality across Truth Social, Truth+, and upcoming blockchain-based services such as utility tokens and subscription platforms.”
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Bitcoin Market Reacts to Trump Media’s Move
Meanwhile, Trump Media’s decision to adopt Bitcoin highlights the growing intersection between politics, finance, and digital innovation. Previously, the emergence of World Liberty Financial (WLFI)—a financial entity with similar ideological values—had hinted at this strategic direction.
As the funding round nears completion, Bitcoin’s price shows signs of upward momentum. For instance, on Tuesday, BTC briefly surpassed $110,000 during mid-day trading in North America, fueling increased optimism in the market.
Furthermore, on-chain data reveals a growing number of Bitcoin whales, with approximately 1,455 wallets now holding at least 1,000 BTC. In addition, Santiment reports a surge in FOMO-driven trading activity, suggesting rising investor confidence and the potential for a new all-time high in the near future.