Trump Media Drops $2.5B Bombshell for Record Bitcoin Treasury Bid

Description

Trump Media & Technology Group is raising $2.5 billion to amass one of the largest Bitcoin treasuries ever held by a public company, betting big on crypto through its Truth Social empire. In a private placement offering, the firm said it is entering into subscription agreements with approximately 50 institutional investors, agreeing to issue $1.5 billion in common stock and $1 billion in 0.00% convertible senior secured notes. The deal is expected to close around May 29, 2025, subject to standar...