🇺🇸 Trump Media Raises $2.44 Billion to Buy BTC

🇺🇸 Trump Media Raises $2.44 Billion to Buy BTC

Trump Media & Technology Group — the company behind platforms like Truth Social, Truth+, and Truth.Fi — has completed a $2.44 billion fundraising round from around 50 institutional investors to establish a Bitcoin reserve fund.

The offering included the sale of 55.8 million common shares at $25.72 per share, raising $1.44 billion. In addition, the company issued $1 billion in zero-coupon convertible bonds maturing in 2028, with a conversion price of $34.72 per share.

All Bitcoin assets will be held and secured through Crypto.com and Anchorage Digital.

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