On May 27, Trump Media Technology Group (DJT) announced that it had entered into subscription agreements with about 50 institutional investors for a private placement of approximately $2.5 billion. The financing consists of approximately $1.5 billion of common stock and $1 billion of 0-coupon convertible senior secured bonds, with proceeds to be used to create a Bitcoin treasury. The Company will use CEX and Anchorage Digital for the custody of the Bitcoin treasury, and the funding is expected to close around May 29, 2025.
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Trump Technology Group's Bitcoin treasury raised $2.5 billion in private sale subscriptions from about 50 institutions.
On May 27, Trump Media Technology Group (DJT) announced that it had entered into subscription agreements with about 50 institutional investors for a private placement of approximately $2.5 billion. The financing consists of approximately $1.5 billion of common stock and $1 billion of 0-coupon convertible senior secured bonds, with proceeds to be used to create a Bitcoin treasury. The Company will use CEX and Anchorage Digital for the custody of the Bitcoin treasury, and the funding is expected to close around May 29, 2025.