Trump Media Raises $2.44 Billion for Bitcoin Treasury Reserve
- Trump Media Group completed a stock sale, raising approximately $2.44 billion.
- The capital raise involved selling around 55.8 million shares and convertible senior notes due 2028.
- Almost $2.32 billion of the net proceeds will be used to create a Bitcoin Treasury Reserve.
- The company aims to become one of the top Bitcoin holders among US public companies.
- Crypto.com and Anchorage Digital will provide custody for the Bitcoin Treasury.
Trump Media Group has finalized its private placement offering with nearly $2.44 billion in capital raised, primarily aimed at establishing a significant Bitcoin Treasury Reserve.
Source (2.6)https://coingape.com/trump-media-closes-2-5-billion-bitcoin-treasury-deal/?rand=24432
