PANews, May 27 - Trump Media has reached subscription agreements with about 50 institutional investors for a total of approximately $2.5 billion in private financing, which includes $1.5 billion in common stock and $1 billion in zero-coupon convertible bonds. The raised funds will be used to establish a Bitcoin treasury, to be custodied by Crypto.com and Anchorage Digital. The transaction is expected to be completed on May 29.
