#TrumpMediaBitcoinTreasury
Trump Media & Technology Group Corp. is raising $2.5 billion to create a Bitcoin treasury, making it one of the largest Bitcoin-holding public companies ๐ฐ. Here's the breakdownยน:
- *Key Components:*
- $1.5 billion in common stock
- $1 billion in convertible senior secured notes
- *Purpose:*
- "Crown jewel asset" for financial freedom
- Defend against financial discrimination
- Unlock new opportunities for Truth Social and Truth+
- *Partnerships:*
- (link unavailable) and Anchorage Digital for custody services
- Yorkville Securities and Clear Street as co-lead placement agents
Expected to close on May 29, 2025 ๐.