Trump Media & Technology raises $2.5 billion, with $1.5 billion in stocks and $1 billion in convertible bonds, to accumulate treasury in Bitcoin.
Almost 50 institutional investors participate in the operation, with secure custody provided by Crypto.com and Anchorage Digital.
The announcement briefly boosted DJT’s stock, while Bitcoin surpasses $110,000, reinforcing Donald Trump’s pro-crypto stance ahead of the elections.
Trump raises $2.5 billion to accumulate Bitcoin
A new crypto offensive in the Trump camp. Trump Media & Technology, listed on the stock exchange under the ticker DJT, has just announced a monumental fundraising of $2.5 billion. The stated goal: to build up a treasury in Bitcoin. A move that thrusts the company into the very exclusive circle of publicly traded companies openly betting on crypto as a strategic reserve.
50 institutional investors on board
The operation is divided into two parts: $1.5 billion raised through the issuance of common stocks, and an additional $1 billion in secured convertible bonds. In total, nearly 50 institutional investors have signed subscription agreements with the company. The operation is set to close on May 29.
Logistically, Trump Media has chosen two well-known names in the ecosystem to safeguard its BTC: Crypto.com and Anchorage Digital will ensure secure custody of the assets. The signal is clear: the group doesn’t just want to ‘play’ with Bitcoin, it intends to make it a full-fledged reserve asset.
DJT surges… then falls back
The announcement, initially reported by the Financial Times, briefly caused DJT’s stock to soar by over 10% in pre-market trading. But the excitement was short-lived: at market opening, the stock modestly retreated. Meanwhile, Bitcoin slightly increased, surpassing $110,000.
Bitcoin, a new political and financial standard
Beyond the financial maneuver, this move strengthens Donald Trump’s pro-Bitcoin stance, who recently stated wanting to protect mining and ‘ensure that the future of crypto assets is American.’ As the presidential election approaches, the creation of a Bitcoin treasury by the company associated with the former president is significant. It marks a new stage in the hybridization between political strategy and investment strategy.
