Money Grab/Profit from his own market-moving decisions
Trump Media announces $2.5 billion bitcoin treasury raise
On May 27, 2025, Trump Media & Technology Group announced it had agreements with about 50 institutional investors to raise roughly $2.5 billion, which it would use to hold bitcoin on its balance sheet. Trump is the company’s largest shareholder, through a trust.
What happened
Trump Media & Technology Group, which runs Truth Social and trades under the ticker DJT, announced on May 27, 2025 that it had signed subscription agreements with about 50 institutional investors. Trump is its largest shareholder, holding his stake through a revocable trust. The agreements would raise approximately $2.5 billion.
About $1.5 billion would come from selling new common stock at the prior day’s market price, and $1.0 billion from 0% convertible senior secured notes that convert at a 35% premium. The company said it would use the money to build a bitcoin treasury, held next to $759 million it already had in cash and short-term investments. Crypto.com and Anchorage Digital were named custodians.
The offering was expected to close on May 29, and shares fell about 10% on the announcement. Days earlier the company had denied a Financial Times report that it planned a $3 billion crypto raise. The proceeds went to the company, not to Trump; the value of his stake moves with the company’s.
Who benefited
Trump Media became a bitcoin-holding company overnight. Through his trust, Trump, whose stake in the company is his largest single asset, benefits too. A $2.5 billion raise that ties the company’s value to bitcoin changes what that stake is worth.
Who wanted something
About 50 institutional investors bought the new stock and the 0% notes. The company did not name them. The record does not say what, if anything, they had before the government. The shares sold at the prior day’s market price, and the notes convert at a 35% premium.
Who lost out
Existing Trump Media shareholders saw their holdings diluted by $1.5 billion of new stock and saw the price fall about 10% that day. No public money is in this record. The company’s new asset, bitcoin, moves with the crypto policy the president’s administration sets.
Why it matters
The president’s largest asset is a company that raised $2.5 billion to buy bitcoin, an asset whose price responds to regulations his administration writes and laws he signs. The 50 investors who funded it were not disclosed. The record logs the raise; it does not count it as personal income.
Sources Trump Media & Technology Group (GlobeNewswire) (primary)The BlockNBC News