PANews reported on May 30 that Trump Media Group announced today that it has completed the previously announced 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 a price of $25.72 per share, raising approximately $1.44 billion in gross proceeds; ② the issuance of convertible senior secured notes with a principal amount of $1 billion and due in 2028, with a conversion price of $34.72 per share. The two items raised a total of approximately $2.44 billion. Trump Media will use approximately $2.32 billion in net funds to establish a Bitcoin reserve and for other general corporate purposes and working capital. As one of the largest Bitcoin reserve transactions among listed companies, the net funds from this offering and the company's strategy will make Trump Media Group one of the companies with the most Bitcoin among US listed companies. After this offering, Bitcoin will be included in the balance sheet of Trump Media Group, alongside cash, cash equivalents and short-term investments totaling $759 million as of the end of the first quarter of 2025.