Trump Media to Create $2.5 Billion Bitcoin Reserve
- Trump Media plans a $2.5 billion Bitcoin reserve.
- The initiative aims to position the company among the top three public Bitcoin holders.
- Funding will be raised through common stocks and convertible bonds by May 2025.
- Preliminary agreements are in place with over 50 institutional investors.
- Approximately 22,768 BTC could be acquired at current exchange rates.
Trump Media intends to establish a significant Bitcoin reserve, valued at $2.5 billion, by securing funds through stocks and bonds, aligning with its strategic expansion goals in the digital currency market.
Source (2.6)https://hodl.press/trump-media-to-establish-2-5-billion-bitcoin-reserve/?rand=24434
