TechFlow news, May 30 — According to Jinshi Data, Trump Media Group announced today that it has completed the previously disclosed private placement with approximately 50 institutional investors. The offering includes: (1) the sale of 55,857,181 shares of the company's common stock at $25.72 per share, raising gross proceeds of approximately $1.44 billion; and (2) the issuance of $1 billion in aggregate principal amount of senior secured convertible notes due 2028, with a conversion price of $34.72 per share. Combined, the two offerings raised approximately $2.44 billion. Trump Media will use approximately $2.32 billion of net proceeds to establish a Bitcoin reserve and for other general corporate purposes and working capital. As one of the largest Bitcoin reserve transactions among public companies, the net proceeds and corporate strategy from this offering will position Trump Media Group as one of the most significant Bitcoin-holding publicly traded companies in the United States. Following this offering, Bitcoin will be recorded on Trump Media Group’s balance sheet alongside cash, cash equivalents, and short-term investments totaling $759 million as of the end of the first quarter of 2025.
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