In what is a major moment for both the company and the asset, Trump Media & Technology Group (DJT) has officially signed a $2.32 billion deal to establish a Bitcoin treasury. Specifically, the move will see the company buy and hold the leading cryptocurrency, according to a recent press release.

The company behind the US President’s Truth brand announced that the deal has closed the private offering with “50 institutional investors.” Moreover, the deal was made through the sale of over 55 million shares at an average price of $25.72 per share alongside senior secured notes due in 2028 at a principal amount of $1 billion.

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Trump Media Officially Signs Deal to Buy & Hold $2.32 Billion Worth of Bitcoin

Since his return to the White House, US President Donald Trump has placed a clear emphasis on the cryptocurrency sector. That has extended to the company that bears his name. Indeed, the firm announced this week its intention to inject billions into the asset class through a new treasury plan.

That deal has officially come to fruition today. Specifically, the Trump Media Group has signed the deal that will see the company buy and hold $2.32 billion worth of Bitcoin as a treasury asset. Although smaller than its previously stated $2.5 billion, it represents a major moment for the asset class and the company.

President Trump sitting at desk in Oval Office
Source: The New York Times

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The move represents one of the largest Bitcoin treasury deals made by any public company. Additionally, it firmly states Trump Media & Technology as one of the largest Bitcoin holders among US firms.

“Trump Media is focused on acquiring great assets, and this deal will give us the financial freedom to implement the rest of our strategies,” CEO and Chairman Devin Nunes said. “It means the company will have more than $3 billion in liquid assets, and our shareholders will have exposure to Bitcoin.”

“The deal positions Trump Media for the kind of rapid expansion that we’ve always envisioned,” Nunes added. The investment seems to have come at the perfect time. Earlier this year, Bitcoin reached an all-time high of $111,000. Moreover, that looks to be just the beginning for the cryptocurrency.

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