Trump Media & Technology Group (DJT), the parent company of Truth Social, is diving deeper into crypto with a bold new treasury strategy. On Tuesday, the firm announced a $2.5 billion capital raise aimed at building a substantial Bitcoin reserve.

The funding will come through a combination of $1.5 billion in newly issued common shares and $1 billion in convertible senior secured notes, according to a company statement. Roughly 50 institutional investors are participating in the raise, which is expected to close on May 29.

To safeguard its Bitcoin holdings, Trump Media is partnering with Crypto.com and Anchorage Digital, two major players in crypto custody solutions.

The plan, first reported by the Financial Times, marks DJT’s entry into the growing trend of publicly traded companies adding Bitcoin to their balance sheets—a move long championed by crypto-native firms and, increasingly, traditional institutions.

DJT shares spiked over 10% in premarket trading following the news, though the momentum cooled during early market hours. Meanwhile, Bitcoin edged higher, trading just above $110,000.