2.5 Billion Dollar Bitcoin Move from Trump Media!
Trump Media & Technology Group (TMTG) plans to raise $ 2.5 billion by agreeing with about 50 institutional investors.
Of this fund, $1.5 billion will be raised from stock sales and $1 billion from convertible bonds. The capital raised will be used to build Bitcoin reserves on the company's balance sheet. Custody services will be provided by Cryptocom and Anchorage Digital.
CEO Devin Nunes described Bitcoin as “the pinnacle of financial freedom” and stated that this step is in line with the company's “America First” strategy.
