US EditionBitcoin (BTC) News: DJT Closes $2.5B Capital Raise
- On Friday, Trump Media & Technology Group completed a $2.44 billion fundraising round to create a Bitcoin treasury for its business operations.
- The fundraising effort involved approximately $1.44 billion raised through the issuance of common shares and an additional $1 billion obtained via zero-interest convertible senior debt maturing in 2028, employing a capital-raising approach comparable to that of MicroStrategy.
- The move notably reduced the Trump family’s ownership from 52% to 41.5%, causing significant dilution without special voting shares and raising concerns about future control amidst Bitcoin market volatility.
- The company plans to allocate about $2.32 billion from the net proceeds of its recent offering to purchase Bitcoin, establishing Trump Media as one of the largest publicly traded Bitcoin holders, with custody services provided by Crypto.com and Anchorage Digital.
- This strategy introduces growth opportunities and governance challenges, with the firm's future success depending on managing Bitcoin volatility and shareholder dynamics during its strategic shift.
19 Articles
19 Articles
Trump Media closes Bitcoin deal with Treasury Department
The deal will allow the company to trade $1.5 billion in stock and $1 billion in convertible notes for $2.5 billion in Bitcoin. TMTG also stated it had an additional $759 million in cash, cash equivalents, and short-term investments.
Trump Media Raises $2.44 Billion for Bitcoin Treasury Plan
Trump Media & Technology Group Corp., the company behind Truth Social, raised around $1.44 billion from selling stock at a price of $25.72 per share and raised about $1 billion in convertible bonds, to buy Bitcoin for its treasury.
Vance Champions Bitcoin in Vegas, Trump Media Secures $2.5B to Buy Bitcoin, and More — Week in Review
Vance champions Bitcoin at Las Vegas Conference, Trump Media secures $2.5B to buy bitcoin, Blackrock warns of quantum hack risk, and more in this Week in Review. Week in Review U.S. Vice President J.D. Vance announced the end of “Operation Chokepoint 2.0” and voiced strong support for Bitcoin at a Las Vegas conference, while Trump... The post Vance Champions Bitcoin in Vegas, Trump Media Secures $2.5B to Buy Bitcoin, and More — Week in Review ap…
Trump Media Raises $2.44bn to Build One of America’s Largest Corporate Bitcoin Treasuries
Trump Media & Technology Group (TMTG), the operator of Truth Social and related platforms, has completed a massive $2.44 billion private placement aimed at turning the company into one of the largest corporate holders of Bitcoin among U.S.-listed firms. The move underscores a dramatic shift in the company’s financial strategy as it deepens its commitment […] The post Trump Media Raises $2.44bn to Build One of America’s Largest Corporate Bitcoin …
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