In a notable strategic move, Trump Media & Technology Group (TMTG), owned by U.S. President Donald Trump, announced the raising of $2.5 billion in funding aimed at creating one of the largest Bitcoin treasuries among public companies in the United States. This funding was raised through a private placement that included the sale of common stock and convertible bonds, with the participation of about 50 institutional investors.

Deal Details

The deal involves the issuance of 55.8 million shares at a price of $25.72 per share, in addition to the issuance of convertible bonds worth $1 billion maturing in 2028. Approximately $2.32 billion of the proceeds is expected to be used to purchase Bitcoin, positioning Trump Media among the largest Bitcoin holders among public companies in the United States.

Launch of Bitcoin Exchange-Traded Fund (ETF)

In parallel with this move, Trump Media submitted an application to the U.S. Securities and Exchange Commission (SEC) to launch a Bitcoin Exchange-Traded Fund known as the "Truth Social Bitcoin ETF", which aims to track the spot price of Bitcoin and provide an investment vehicle for investors without the need to own Bitcoin directly

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