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0 sats \ 0 replies \ @Coinsreporter OP 27 May \ on: Trump Media Announces $2.5 Billion Bitcoin Treasury Deal bitcoin
Read the full Announcement.
Key Points:
- 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.”