The Trump Media Group has made headway in its plans to create a Bitcoin Treasury Reserve. The corporate has simply introduced that it has accomplished its inventory sale, leading to a capital increase of just about $2.5 billion, which it intends to make use of to buy BTC. Trump Media Finalizes Bitcoin Treasury Deal In a press launch, the corporate owned by President Donald Trump introduced that it has closed its non-public placement providing with nearly 50 institutional buyers as a part of its plans to create a Bitcoin Treasury Reserve. Trump Media revealed that the providing consisted of the sale of round 55.8 million shares of the corporate’s frequent inventory and 0.00% convertible senior notes due 2028, which led to a capital increase of $1.44 billion and $1 billion, respectively. This quantities to $2.44 billion, which is simply in need of the $2.5 billion that the corporate supposed to lift. As CoinGape earlier reported,… Read More at Coingape.com
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