🚨🔥 Trump Media announces investment of US$ 2.5 billion to create reserve in #Bitcoin 💥
📢 Trump Media & Technology Group announced on Tuesday, 27, that it has entered into agreements with around 50 institutional investors to raise approximately US$ 2.5 billion through a private offering. According to the company's statement, the funds will be used to create a reserve in Bitcoin $BTC .
╰┈➤✅ Of the total raised, US$ 1.5 billion corresponds to the sale of the company's common stock, while US$ 1 billion will be obtained through zero-interest senior convertible notes.
The operation is expected to be completed on May 29, "subject to the usual closing conditions."
╰┈➤✅ According to the statement, the initiative places the company among the publicly traded companies with the largest volumes in Bitcoin reserves $BTC .
╰┈➤✅ The operation also concludes the special acquisition fund previously announced by the company, described as one of the means to expand Trump Media's presence in the so-called "America First economy."
#Binance #TrumMarketInsights #TrumpMediaBitcoinTreasury $SOL