Trump Media Plans $2.5 Billion Bitcoin Acquisition
- Trump Media and Technology Group Corp. plans to purchase $2.5 billion in Bitcoin.
- The company entered agreements with about 50 institutional investors.
- It will issue $1.5 billion in common stock and $1 billion in convertible notes.
- Devin Nunes, CEO, cites Bitcoin as a tool for financial freedom.
- Bitcoin is trading at $109,395 after reaching a high of $111,814 recently.
The Trump Media and Technology Group Corp. has announced plans to acquire $2.5 billion worth of Bitcoin through agreements with approximately 50 institutional investors, involving the issuance of both common stock and convertible notes.
Source (2.6)https://dailyhodl.com/2025/05/27/president-trumps-media-company-to-allocate-2500000000-to-buy-bitcoin-btc/?rand=59076
