#CEXvsDEX101 Trump Media announced the completion of a deal aimed at purchasing #Bitcoin, with a total value of approximately $2.44 billion, with the participation of around 50 institutional investors.
The deal included the following:
📍 Offering 55.9 million shares of the company’s stock, at a price of $25.72 per share, with a total yield of approximately $1.44 billion.
📍 Issuing zero-coupon convertible bonds, maturing in 2028, with a nominal value of $1 billion, and a conversion price of $34.72 per share.
⬅️ The company clarified that it will use the net proceeds, amounting to approximately $2.32 billion, to buy Bitcoin to be part of the company’s reserves, and for general corporate purposes and working capital.
📌 The company's stock recorded an increase of about 5% during mid-day trading.
