Trump Media Group to raise $3B for Bitcoin treasury — Report

Trump Media and Technology Group, the company behind US President Donald Trump’s Truth Social platform, is planning to raise $3 billion in a mix of equity and convertible bonds to buy Bitcoin and other cryptocurrencies, the Financial Times reported. The move would position the company to follow the footsteps of crypto treasury companies like Strategy. Trump Media will issue $2 billion in equity and $1 billion in convertible bonds, a type of asset that can be converted into equity at a later date. The size of the raise may change, the FT cited sources familiar with the matter as saying source: https://cointelegraph.com/news/trump-media-group-raise-3b-buy-bitcoin-crypto-report?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound