Trump Media Raises $2.4 Billion for Bitcoin Treasury
- Trump Media & Technology Group raised $2.4 billion through stock and convertible notes.
- The funds will be used to create a Bitcoin treasury and for general corporate purposes.
- Approximately 50 institutional investors participated, yielding $2.32 billion in net proceeds.
- Anchorage Digital and Crypto.com will manage the Bitcoin purchased by the company.
- Cantor Fitzgerald served as the financial advisor for the fundraising effort.
Trump Media & Technology Group successfully secured $2.4 billion to establish a Bitcoin treasury, with participation from around 50 institutional investors, resulting in $2.32 billion in net proceeds.
Source (2.6)https://decrypt.co/323046/trump-media-raises-2-4-billion-bitcoin-treasury?rand=52368
