{"content":"💰 Trump Media Bets Big — $2.4B Deal Paves Way for Bitcoin Treasury Announced by Trump Media and Technology Group, the $2.44 billion in revenues from its private sale to establish its Bitcoin treasury have been raised. This comes only a week after Trump Media said it will create a Bitcoin treasury by offering up to $2.5 billion in common shares and convertible notes. NasDAQ-listed On Friday, Trump Media and Technology Group said that it sold part of its common stock (DJT) and senior convertible notes to buy Bitcoin (BTC), thereby generating $2.44 billion. Trump Media concludes an offering of $2.44 billion to buy Bitcoin. A Friday press statement by Donald Trump-backed Trump Media and Technology Group reveals that it has gathered $2.44 billion to set its Bitcoin treasury reserve. The business said it concluded a private offering with around fifty institutional investors. With 55.8 million common stock shares sold at $25.72 each, the offering produced gross revenues of $1.44 billion. Additionally issued at a conversion price of $34.72 per share, $1 billion of 0.0% convertible senior secured notes due 2028. This resulted about overall earnings of around $2.44 billion. From the earnings, Trump Media intends to build its Bitcoin treasury with $2.3 billion. The money comes only a few days after Trump Media said it intends to purchase Bitcoin with up to $2.5 billion budget. The business says that buying Bitcoin will make it among the top public corporations owning BTC. As of the conclusion of Q1'25, it also said that it will show Bitcoin on its balance sheet along with current cash, cash equivalents, and short-term assets valued $759 million. TMTG Chairman and CEO Devin Nunes remarked in the news release, "Trump Media is focused on acquiring great assets; this deal will give us the financial freedom to implement the rest of our strategies." #TrumpMediaBitcoinTreasury #CEXvsDEX101 #TradingTypes101 #PCEMarketWatch #ElonMuskDOGEDeparture $BTC $ETH $TRUMP ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025052025/05/31/cbb8550580eb43f58d92f0829ca54121.png"],"tags":[],"tradingPairs":["TRUMP/USDT"],"quotearticleid":0}