Hello Everyone Quick $SOL Update 24h High 177.91 24h low 1 | Muhammad Anas Hafeez on Binance Square

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Hello Everyone Quick $SOL Update 
24h High 177.91
24h low 169.14
24h Vol (SOL) 2.44M
24h Vol (USDT) 420.06M
#SaylorBTCPurchase 
#solana 

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Trump Media & Technology Group, the parent company of Truth Social, is making a significant move into the cryptocurrency space. Here's what's happening¹: The Deal - Trump Media has entered into subscription agreements with around 50 institutional investors to raise approximately $2.5 billion. - The deal consists of $1.5 billion in common stock and $1 billion in 0.00% convertible senior secured notes. - The transaction is expected to close on May 29, 2025, subject to standard conditions. *Bitcoin Treasury* - The company plans to use the proceeds to create a Bitcoin treasury, one of the largest among public companies. - This move is seen as a strategic step to defend the company against financial institution harassment and create synergies across its platforms. - (link unavailable) and Anchorage Digital will provide custody services for the Bitcoin treasury. *Company's Vision* - Trump Media's CEO, Devin Nunes, views Bitcoin as an "apex instrument of financial freedom". - The company aims to integrate cryptocurrency functionality into its platforms, including subscription payments and utility token capabilities. *Impact* - This deal will increase Trump Media's total liquid assets to over $3 billion, including its existing cash and short-term investments of $759 million. - The company's stock fell nearly 10% following the announcement, despite the ambitious plans for its Bitcoin treasury. #TrumpMediaBitcoinTreasury

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