Trump Media to raise $2.5 billion to buy bitcoin!
Trump Media & Technology Group (DJT) is doubling down on cryptocurrency, unveiling plans Tuesday to create what it claims will be one of the largest bitcoin treasuries held by any public company.
The initiative is backed by a $2.5 billion private funding round, with commitments from roughly 50 institutional investors, according to a company press release. The deal includes $1.5 billion in Trump Media common stock and $1 billion in convertible senior secured notes, set to close on or around May 29.
