The Trump Media Group has made headway in its plans to create a Bitcoin Treasury Reserve. The company has just announced that it has completed its stock sale, resulting in a capital raise of almost $2.5 billion, and it intends to use $2.3 billion to purchase BTC. Trump Media Finalizes Bitcoin Treasury Deal In a press release, the company owned by President Donald Trump announced that it has closed its private placement offering with almost 50 institutional investors as part of its plans to create a Bitcoin Treasury Reserve. Trump Media stated that it will use almost $2.32 billion in net proceeds from the offering to create a Bitcoin treasury and for other general corporate purposes and working capital. This will make them one of the top Bitcoin holders among US public companies. Meanwhile, the company also revealed that crypto exchange Crypto.com and Anchorage Digital will provide custody for their… Read More at Coingape.com
The post Breaking: Trump Media Closes $2.3 Billion Bitcoin Treasury Deal appeared first on CoinGape.
