Trump Media announced the completion of a deal aimed at purchasing #Bitcoin, with a total value of approximately 2.44 billion dollars, involving about 50 institutional investors
The deal included the following:
📍 Offering 55.9 million shares of the company at a price of 25.72 dollars per share, with a total return of approximately 1.44 billion dollars
📍 Issuing zero-coupon convertible bonds, maturing in 2028, with a nominal value of one billion dollars, and a conversion price of 34.72 dollars per share
⬅️ The company clarified that it will use the net proceeds, amounting to approximately 2.32 billion dollars, to purchase Bitcoin to be part of the company's reserves, for general corporate purposes and working capital.
📌 The company's stock recorded an increase of about 5% during mid-day trading
