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The Trump Media & Technology Group - "Trump Media" which owns the Truth Social platform, announced that it plans to sell approximately $1.5 billion in shares in addition to $1 billion in zero-interest convertible bonds, with the aim of purchasing Bitcoin to be part of the company's reserves.
The company thus joins the list of institutions that follow the model created by Michael Saylor at MicroStrategy, which is based on financing the purchase of Bitcoin through the issuance of stocks and bonds.
"Trump Media" will list the digital currency on its balance sheet alongside cash liquidity, cash equivalents, and other investments, which amounted to $759 million by the end of the first quarter of this year.