#TrumpMediaBitcoinTreasury refers to the recent initiative of Trump Media & Technology Group (TMTG), the media company of former President Donald Trump, to establish a Bitcoin treasury valued at approximately $2.5 billion. This strategy positions TMTG as one of the few publicly traded companies with a significant Bitcoin reserve.

Key details of the plan:

Financing: TMTG raised around $2.44 billion through the sale of common stock and convertible notes to approximately 50 institutional investors.

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Use of funds: The net proceeds, estimated at $2.32 billion, will primarily be allocated for the purchase of Bitcoin, consolidating this cryptocurrency as a core asset on the company's balance sheet.