Donald Trump, a company of Trump Media Technology Group (TMTG), linked to the US president, announced strategic actions to incorporate Bitcoin (BTC) into his finances on Tuesday, May 27th.
According to the official statement, the total operation raises around US$2.5 billion. It is USD 1.5 billion through the issuance of common stock and USD 1,000 million through senior convertible notes insured at a 0% rate. The private offer is scheduled for May 29th.
Funds will be used to establish the Ministry of Corporate Treasury in Bitcoin. BTC is managed by crypto.com and Anchorage Digital. If they used all the money to buy BTC, it would amount to over 18,000 at current prices.
Cited on NASDAQ and the Texas Stock Exchange under DJT tickets, the company operates social networks, the streaming platform Truth+ and Financial Product Truth.fi. President and CEO Devin Nunes said the step represents the acquisition of “active jewels” to protect Trump media against “harmful and discrimination by financial institutions,” a phenomenon he says affects many U.S. businesses and citizens.
Thanks to this, I was able to sign a contract Approximately 50 institutional investors participate. Among the financial and legal advisors involved are Yorkville Securities, Clear Street, Big, Cohen & Company Capital Market and Cantor Fitzgerald & Company.
This investment places Trump Media in a group of companies cited in the stock market with a large Bitcoin reserve currently led by Strategy (formerly Micro Strategy).
In this play, Trump Media is positioned as a new and associated institutional actor in the Bitcoiner ecosystem.
