{"id":29506,"date":"2025-05-30T16:17:33","date_gmt":"2025-05-30T16:17:33","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=29506"},"modified":"2025-05-30T16:17:33","modified_gmt":"2025-05-30T16:17:33","slug":"trump-media-has-2-3b-in-bitcoin-buying-power-after-closing-capital-raise","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=29506","title":{"rendered":"Trump Media Has $2.3B in Bitcoin Buying Power After Closing Capital Raise"},"content":{"rendered":"
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Trump Media and Technology Group (DJT), the operator of Truth Social, said<\/a> on Friday it has closed a $2.44 billion fundraising deal to establish a bitcoin BTC treasury.<\/p>\n

DJT shares erased early morning losses and were up 5.6% on the day following the news.<\/p>\n

The company sold nearly 56 million shares at $25.72 apiece and issued $1 billion in 0% convertible notes maturing in 2028, according to a press release<\/a>. Some 50 institutional investors subscribed to the offering. The placement was led by Yorkville Securities and Clear Street, with Cantor Fitzgerald serving as financial advisor.<\/p>\n

The firm said it will direct the net proceeds of $2.32 billion to purchase BTC for its treasury, with Crypto.com and Anchorage Digital providing custody services.<\/p>\n

The move adds the company to a growing list of publicly-traded firms that have raised capital for adding crypto assets like bitcoin to their balance sheet, a playbook pioneered by Michael Saylor’s Strategy (MSTR). The software firm has become the world’s largest corporate holder of the leading crypto asset, accumulating over $60 billion in BTC by financing the purchases via a combination of equity and debt issuances.<\/p>\n

Trump Media shared plans earlier this year to launch a financial services platform<\/a> focusing on crypto and customized exchange-traded funds. It also said<\/a> it wants to partner with crypto exchange Crypto.com to launch the ETF products.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Trump Media and Technology Group (DJT), the operator of Truth Social, said on Friday it has closed a $2.44 billion fundraising deal to establish a bitcoin BTC treasury. DJT shares erased early morning losses and were up 5.6% on the day following the news. The company sold nearly 56 million shares at $25.72 apiece and […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-29506","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/29506","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29506"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/29506\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}