President Trump’s Media Company To Allocate $2,500,000,000 To Buy Bitcoin (BTC)

Description

President Donald Trump’s family media corporation plans to gobble up $2.5 billion worth of Bitcoin ( BTC ). Trump Media and Technology Group Corp., which operates Truth Social, announced on Tuesday that it entered into subscription agreements with approximately 50 institutional investors to facilitate the Bitcoin purchase. The firm agreed to issue and sell approximately $1.5 billion in its common stock to the investors and $1 billion in 0.00% convertible senior secured notes. Devin Nunes, Trump ...