Trump Media announced the creation of a strategic reserve of Bitcoin, with an investment of US682462240222 billion. This reserve is part of a broader strategy to increase the company's assets and provide exposure to Bitcoin for its shareholders. The company plans to use the resources for "general corporate purposes and working capital," in addition to acquiring Bitcoin.
*Investment Details:*
- *Value*: US682462240222 billion in Bitcoin
- *Financing*: Obtained through a private offering of stocks and convertible bonds, which raised US682462240222.44 billion
- *Objective*: To become one of the largest holders of Bitcoin among publicly traded companies in the US
- *Custody*: Under the responsibility of (link unavailable) and Anchorage Digital
This strategy aims to increase the company's liquid assets to over US682462240223 billion.