According to Bloomberg, US President Donald Trump's company Trump Media announced a Bitcoin (BTC) treasury deal worth approximately $2.5 billion.

The agreement in question was made with approximately 50 institutional investors.

Trump Media will sell $1.5 billion worth of stocks and $1 billion worth of bonds, and will use the proceeds to buy Bitcoin.

It was stated that they will work with Crypto-com and Anchorage Digital for the storage of Bitcoins.

“The company plans to use the proceeds to create a Bitcoin treasury.

The move, one of the largest Bitcoin treasury deals of any public company, closes out Trump Media’s previously announced private buyout fund.

This is one of the many ways, including potential mergers and acquisitions, that the company aims to expand its reach in the Pre-American economy.”