#TrumpBTCTreasury
Trump Media announced the creation of a strategic Bitcoin reserve, with an investment of US$ 2 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:*
- *Amount*: US$ 2 billion in Bitcoin
- *Financing*: Obtained through a private offering of stocks and convertible bonds, which raised US$ 2.44 billion
- *Objective*: To become one of the largest holders of Bitcoin among publicly traded companies in the US
- *Custody*: Managed by (link unavailable) and Anchorage Digital
This strategy aims to increase the company's net assets to over US$ 3 billion.