PANews
PANews|May 27, 2025 13:14
Trump media announces plans for approximately $2.5 billion Bitcoin vault According to Bloomberg, Trump Media announced the launch of a Bitcoin vault strategy worth approximately $2.5 billion, aimed at incorporating BTC into its asset reserves for financial stability and long-term value storage. Trump Media Technology Group announced that it has reached subscription agreements with approximately 50 institutional investors to conduct a private placement totaling approximately $2.5 billion. This issuance includes approximately $1.5 billion in common stock and $1 billion in convertible senior secured notes, with the proceeds intended to be used to create a Bitcoin vault. The company will use http://(Crypto. com) and Anchorage Digital to hold its Bitcoin funds, and is expected to complete the issuance around May 29, 2025.
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