---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-25-020420"
form_type: "8-K"
ticker: "DJT"
cik: "0001849635"
company_name: "Trump Media & Technology Group Corp."
filed_at: "2025-05-27T23:59:59+00:00"
generated_at: "2026-05-20T11:26:35.042192+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Trump Media raises ~$2.5B through PIPE and convertible notes to fund Bitcoin treasury

## Summary
- Gross proceeds of ~$2.5B: $1.5B equity PIPE at $25.72/share and $1.0B 0.00% convertible senior secured notes due 2028.
- Notes convertible at $34.72/share (135% premium); expected closing May 29, 2025.
- Proceeds primarily for Bitcoin treasury; custody with Crypto.com and Anchorage Digital.
- CEO Devin Nunes says Bitcoin is 'apex instrument of financial freedom'; plans to evolve into holding company.
- Existing cash/cash equivalents/short-term investments totaled $759M at Q1 2025; liquid assets to exceed $3B.

## SEC filing metadata
- accession: 0001140361-25-020420
- form_type: 8-K
- ticker: DJT
- cik: 0001849635
- company_name: Trump Media & Technology Group Corp.
- filed_at: 2025-05-27T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1849635/000114036125020420/0001140361-25-020420-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1849635/000114036125020420/ef20049689_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-020420
- JSON: https://secwatch.observer/filing/0001140361-25-020420.json
- Plain text: https://secwatch.observer/filing/0001140361-25-020420.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.