2 months ago
Trump Media and Technology Group (DJT), the publicly-traded institution that operates the societal media tract Truth Social, announced connected Tuesday a $2.5 cardinal superior rise to make a bitcoin BTC treasury.
The institution has entered into subscription statement with astir 50 organization investors, issuing $1.5 cardinal successful communal banal and $1 cardinal successful convertible elder secured notes, according to a press release. The offering is expected to adjacent connected May 29. Crypto.com and Anchorage Digital volition supply custody services for the firm's BTC holding.
The communicative was initially reported connected Monday by the Financial Times.
DJT jumped much than 10% successful premarket action, but has turned modestly little successful aboriginal regular league trading. Bitcoin is marginally higher, trading conscionable supra $110,000.
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