Life moves fast… “Trump Media will use the approximately $2.32 BILLION in net proceeds from the Offering to create a Bitcoin treasury and for other general corporate purposes and working capital.”
Trump Media levanta más de 2.000 millones para su reserva de bitcoin https://t.co/vq5yFPPAPw
Trump Media Closes $2.32 billion raise to create a Bitcoin treasury https://t.co/pMjvM0Wyy0
Trump Media & Technology Group, the parent company of Truth Social, has completed a fundraising effort totaling approximately $2.32 billion to establish a Bitcoin treasury. The company raised about $1.44 billion through a stock offering priced at $25.72 per share and secured an additional $1 billion via convertible bonds. This move positions Trump Media as one of the largest publicly traded U.S. firms to hold Bitcoin as a treasury asset. The funds raised will be used primarily to acquire Bitcoin and for general corporate purposes and working capital. The company aims to create one of the largest Bitcoin treasuries held by any public company, deepening its involvement in the cryptocurrency market.
