The $2.5 billion offering is comprised of $1.5 billion in Trump Media common stock and $1 billion in convertible notes at a conversion price equal to a 35% premium.
Crypto.com and Anchorage Digital will provide custody for Trump Media’s Bitcoin treasury.
Trump Media denied an earlier Financial Times report claiming it planned to raise $3 billion for crypto, calling the outlet’s writers “dumb.”
Read the full Announcement.
Key Points:
https://xcancel.com/BitcoinMagazine/status/1927352062376824929