The Bitcoin vault plan of $BTC TMTG aims to raise funds by issuing $1.5 billion in common stock and $1 billion in zero-coupon convertible senior secured bonds.
The funds will be used to incorporate Bitcoin into the company's reserves for financial stability and long-term value storage.
At the time of the announcement, the price of Bitcoin was approaching historical highs, and the largest digital asset event of the year, 'Bitcoin 2025', is taking place in Las Vegas, undoubtedly adding significant attention to TMTG's plans.