Grand Theft America / Receipt money-2025-05-27-037
Trump Media announces $2.5 billion bitcoin treasury raise
Trump Media & Technology Group announced subscription agreements with about 50 institutional investors to raise approximately $2.5 billion to build a bitcoin treasury.
What happened
The May 27, 2025 release described selling roughly $1.5B in DJT common stock and $1.0B in 0% convertible senior secured notes for gross proceeds of about $2.5 billion; Bloomberg reported net proceeds of roughly $2.44 billion. These are gross capital-raise proceeds used to buy bitcoin held on the corporate balance sheet, not personal income; Trump is Trump Media's largest shareholder through a trust. Not counted.
Why it matters
Trump Media raised a gross roughly $2.5B to build a bitcoin treasury, with the president the largest shareholder through a trust. A large capital raise that boosts a company the president substantially owns raises self-dealing and disclosure concerns.
Receipt details
- Time the markets
- Venture inflow
- $2500M
