After days of speculation, Trump Media & Technology Group has announced that it is raising $2.5 Billion to purchase Bitcoin for a company crypto treasury. The move by United States President Donald Trump’s social media firm seeks to diversify revenue streams, as it undertakes a big push into the financial sector.
The $2.5B Bitcoin Bet: Everything You Need To Know
Trump Media is selling $1.5B worth of common stock at last closing price and $1B in convertible senior secured notes to raise funds for a “Bitcoin Treasury,” the company said. It has already entered into subscription agreements with about 50 institutional investors to achieve its objectives.
The Bitcoin will be held on Trump Media’s balance sheet alongside existing cash and short-term investments totalling $759m at the end of the first quarter of 2025.
What They Said: Bitcoin is the Apex Instrument of Financial Freedom
Trump Media CEO and Chairman Devin Nunes explained that the publicly traded company views Bitcoin as an apex instrument of financial freedom and values crypto as a crucial part of its 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,” he said.
Further, the Bitcoin reserve is expected to create synergies for subscription payments, a utility token, and other planned transactions across Truth Social and Truth+.
Bitcoin Custody by Crypto.Com
Crypto platform Anchorage Digital and Crypto.com have been announced as custody partners for Trump Media’s Bitcoin holdings. This announcement follows a Memorandum of Understanding (MoU) between Trump Media, Crypto.com, and other entities to launch crypto-included America-First ETFs.
As Trump Media has explored potential mergers and acquisitions to expand into financial services, Crypto.com has emerged as a top candidate.
The partnership signals strong institutional trust in Crypto.com’s infrastructure and adds significant credibility to its custody and asset management offerings. Moreover, such strategic and institutional trust further strengthens Cronos, potentially increasing adoption, liquidity, and developer interest on the chain.
