Trump Media and Technology Group (DJT), the public traded company that runs the truth on social media healthy social, announced a $ 2.5 billion capital on Tuesday to create a Bitcoin BTC Finance Ministry.
The company has signed a subscription agreement with about 50 institutional investors and issues $ 1.5 billion in joint share and $ 1 billion in convertible senior -proof notes, according to a press release. The offer is expected to close on May 29. Crypto.com and Anchorage Digital provide custody of the company’s BTC stock.
The story was originally reported Monday by the Financial Times.
DJT ran more than 10% in the premarket action, but has been modestly lower in the early regular session trade. Bitcoin is marginally higher and trades just over $ 110,000.
