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#TrumpMediaBitcoinTreasury Group (TMTG), the media company of former President Donald Trump, has recently announced an ambitious plan to create a "Bitcoin Treasury" valued at $2.5 billion. This move would position TMTG as one of the largest corporate holders of Bitcoin, following the steps of companies like MicroStrategy
Details of nThe financing for this initiative will come from the issuance of $1.5 billion in common stock and $1 billion in convertible notes with a 0% interest rate, through a private placement with approximately 50 institutional investors. The transaction is expected to be completed around May 29, 2025, subject to standard closing conditions
For the digital costs, TM.
Details of nThe financing for this initiative will come from the issuance of $1.5 billion in common stock and $1 billion in convertible notes with a 0% interest rate, through a private placement with approximately 50 institutional investors. The transaction is expected to be completed around May 29, 2025, subject to standard closing conditions
For the digital costs, TM.
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