Internet reports that Trump Media Group announced today that it has completed its previously announced private placement with about 50 institutional investors. This offering includes: ① the sale of 55,857,181 shares of the company's common shares at a price of US$25.72 per share, raising gross capital of approximately US$1.44 billion;② the issuance of convertible senior guaranteed notes with a principal amount of US$1 billion due in 2028, with a conversion price of US$34.72 per share. The two projects raised a total of approximately US$2.44 billion. Trump Media will use approximately $2.32 billion in net funds to build Bitcoin reserves and use them for other general corporate purposes and working capital. As one of the largest bitcoin reserve transactions among listed companies, the net capital and corporate strategy of this offering will make Trump Media Group one of the largest bitcoin holders among listed companies in the United States. After this offering, Bitcoin will be included on Trump Media Group's balance sheet, alongside a total of $759 million in cash, cash equivalents and short-term investments as of the end of the first quarter of 2025.