In a significant move blending politics and cryptocurrency, Trump Media & Technology Group (TMTG), the parent company of Truth Social, has announced plans to raise approximately $2.5 billion to establish a substantial Bitcoin reserve. The initiative, unveiled on May 27, 2025, positions TMTG among the largest corporate holders of Bitcoin, aligning with the company’s strategy to integrate digital assets into its financial framework.
The capital raise involves issuing $1.5 billion in common stock and $1 billion in zero-coupon convertible senior secured notes to around 50 institutional investors. The offering is expected to close by May 29, 2025, subject to customary closing conditions.
Devin Nunes, CEO and Chairman of TMTG, emphasized Bitcoin as an “apex instrument of financial freedom,” stating that the investment will help defend the company against potential discrimination by financial institutions.
The $2.5 billion Bitcoin acquisition will significantly increase TMTG’s liquid assets, which stood at $759 million as of the end of Q1 2025. The company plans to utilize the Bitcoin reserve to support its operations, including its social media platform Truth Social, streaming service Truth+, and fintech brand Truth.Fi.
Custody of the Bitcoin assets will be managed by Crypto.com and Anchorage Digital, ensuring secure storage and management of the digital assets.
Following the announcement, TMTG’s stock (NASDAQ: DJT) experienced a decline, falling by 8% on May 27, 2025. Despite the initial market reaction, the move aligns TMTG with other corporations like MicroStrategy, which have adopted similar strategies of holding significant Bitcoin reserves as part of their treasury management.
The investment comes amid a broader pro-crypto stance by the Trump administration. President Donald Trump has pledged to make the U.S. the “crypto capital of the world,” appointing a “crypto czar” and signing an executive order recognizing Bitcoin as a reserve asset.
These developments have raised concerns among ethics experts about potential conflicts of interest, given the Trump family’s personal investments in crypto-related ventures. Critics warn that the administration’s moves could favor personal gain over public policy and compromise regulatory integrity.
TMTG’s planned $2.5 billion investment in Bitcoin represents a significant shift in corporate treasury management, reflecting a growing trend among companies to incorporate digital assets into their financial strategies. As the intersection of politics and cryptocurrency continues to evolve, TMTG’s move underscores the increasing mainstream acceptance of Bitcoin and its potential role in corporate finance.