Trump Media & Technology Group (TMTG), the parent company of Truth Social and majority-owned by the U.S. President Donald Trump, is making bold moves in the crypto world. The company recently announced that it has raised a whopping $2.32 billion through a mix of stock sales and convertible debt, with

• Trump Media raised $2.32 billion through stock sales and convertible notes to build a Bitcoin treasury.
• Trump Media filed to launch the Truth Social Bitcoin ETF, designed to track the performance of Bitcoin’s price.
• Crypto.com and Anchorage will custody TMTG’s Bitcoin, with Crypto.com also serving as the ETF’s exclusive custodian and liquidity provider.

Trump Media & Technology Group (TMTG), the parent company of Truth Social and majority-owned by the U.S. President Donald Trump, is making bold moves in the crypto world. The company recently announced that it has raised a whopping $2.32 billion through a mix of stock sales and convertible debt, with plans to build one of the largest Bitcoin treasuries among U.S. public companies.

The funding round involved deals with nearly 50 investors. According to TMTG, they sold 55.8 million common shares at a price of $25.72 each. Additionally, the company issued $1 billion worth of zero-coupon convertible notes, which can convert into shares at a price of $34.72 per share and mature in 2028.

A June 5 announcement confirmed that TMTG has filed a Form S-3 registration statement with the U.S. Securities and Exchange Commission (SEC). This move gives the company flexibility for future financial actions, such as issuing new shares or raising additional capital for strategic purposes, like mergers or acquisitions. While there are no immediate plans to use this provision, TMTG sees it as a key component of its long-term growth strategy.

The company also revealed its intention to use the funds primarily to purchase Bitcoin and for general corporate expenses. Crypto.com and Anchorage Digital have been chosen as custodians to safeguard TMTG’s Bitcoin holdings, signaling the company’s serious approach to digital asset security.

Truth Social Bitcoin ETF Aims to Track BTC Performance

But the ambitions don’t stop there. TMTG has taken another significant step by filing for a Bitcoin exchange-traded fund (ETF), named the Truth Social Bitcoin ETF. A separate Form S-1 registration statement was submitted to the SEC, outlining the company’s goal to track Bitcoin’s price performance through the ETF.

The ETF is set to be listed on the New York Stock Exchange Arca, pending regulatory approval. It will be managed in partnership with Yorkville America Digital, a crypto asset management firm. Crypto.com is again taking center stage, serving as the fund’s exclusive custodian, liquidity provider and prime execution agent. The exclusivity means that Crypto.com will be handling certain key operations solely for this ETF, adding another layer of partnership strength.

While the fee structure for the ETF hasn’t been finalized yet, the filing marks TMTG’s direct entry into the financial products space and deepens its involvement in the crypto sector. It’s also another sign of growing institutional interest in Bitcoin, especially from companies closely tied to influential political figures.

The move by Trump Media to dive deeper into crypto—through both direct holdings and a potential ETF—adds another dimension to Trump’s post-presidency ventures. 

Meanwhile, the political world continues to buzz around Trump-related headlines. A major bill, H.R.1—a $4 trillion proposal that includes extended tax cuts, border funding and increased defense spending—is causing a stir. Elon Musk, never one to stay silent, tweeted to his 180 million followers urging them to “Kill the Bill,” referencing it with a movie poster-style meme. He accused lawmakers of bankrupting the country and slammed the bill as an economic disaster.

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