Trump Media Group reverses stance, confirms $2.5B Bitcoin capital raise

Trump Media and Technology Group (TMTG), the company that owns US President Donald Trump’s Truth Social platform and is partially owned by the president, confirmed a $2. 5 billion capital raise to purchase Bitcoin (BTC) after denying earlier reports of the deal. According to a May 27 announcement from the company, the capital raise comprises a $1. 5 billion stock sale and $1 billion in convertible senior secured bonds, with a 0% coupon source: https://cointelegraph.com/news/trump-media-group-tmtg-2b-btc-deal?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound