Trump Media and Technology Group Corp is planning a $2.5 billion private placement offering to expand its Bitcoin treasury. The company agreed to issue approximately $1.5 billion in common stock and $1.0 billion in zero-coupon convertible senior secured notes to nearly 50 institutional investors. Following this announcement, Bitcoin price has breached the $110,000 resistance after a period of bearish price trend. Trump Media $2.5B To Expand Bitcoin Treasury Holdings According to a press release, Trump Media’s private placement offering includes the sale of common stock valued at about $1.5 billion, priced at the most recent market price. Additionally, the company will issue $1.0 billion in convertible notes, with a zero-interest rate and a conversion price set at a 35% premium to current stock prices. The transaction is expected to close on or about May 29, 2025, pending customary closing conditions. The funding is aimed at building one of the largest… Read More at Coingape.com
The post Just-In: Trump Media Secures $2.5B To Expand Bitcoin Treasury Holdings, BTC Breaks $110k appeared first on CoinGape.
