Trump Media secures $2.5 billion in institutional funding, aiming to create the largest Bitcoin vault in the US stock market.
Trump Media & Technology Group (DJT) recently announced that it has successfully raised up to $2.5 billion in institutional funding, which will be used to purchase Bitcoin, and is committed to building the largest Bitcoin reserve among publicly listed companies in the United States. According to the company’s statement, this funding includes $1.5 billion in common stock and $1 billion in convertible corporate bonds, with the primary focus of the funds on the layout of crypto assets. The custody of Bitcoin will be handled by two professional institutions, Anchorage Digital and Crypto.com.
Despite announcing this strategic shift, Trump’s media company’s stock price fell nearly 10% on Tuesday, partially reversing its year-to-date gains. Its revenue for 2024 is only $3.6 million, while losses have reached as high as $400 million, raising investors’ concerns about its transformation plan. This move coincides with the annual major crypto event Bitcoin 2025 taking place in Las Vegas, and the Trump camp is also using this opportunity to emphasize Trump’s image as the first crypto president. Currently, about 50 institutional investors have signed agreements to express support for this financing arrangement. According to reports, Trump indirectly controls over 114 million shares of the company through a revocable trust. CEO Devin Nunes stated that Bitcoin is viewed as the crown jewel in corporate asset allocation, and plans to further expand strategic acquisitions in the future to strengthen the company’s financial structure.
The latest developments of Trump Media are in line with companies like MicroStrategy that have similar political stances. These companies are gradually shifting their funds towards Bitcoin, viewing it as a hedge against the risks of the traditional financial system, highlighting that digital assets are progressively becoming a new choice for corporate treasury management.
Become the third largest whale of Bitcoin in the US stock market
If executed according to plan, Trump Media will directly ascend to being the third largest Bitcoin holding company in the US stock market, second only to:
- MicroStrategy Inc.: Holds 576,230 Bitcoins, valued at approximately 60.5 billion USD
- Marathon Digital Holdings: holds 46,374 Bitcoins, currently valued at approximately 4.869 billion USD
- Riot Platforms, Inc: Holds 18,692 Bitcoins, currently valued at approximately 1.962 billion USD.
surpassed the $1.962 billion Bitcoin holdings of the mining company Riot Platforms, Inc.
(Source: CoinGecko)
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Summary
The move by Trump Media & Technology Group (TMTG) marks its official entry into the realm of crypto assets, aiming to create the largest Bitcoin reserve among publicly traded companies in the U.S. This strategic shift not only aligns with the digital asset allocation trends of companies like MicroStrategy, but also highlights the potential of Bitcoin as a new choice for corporate asset allocation.
