Trump Media and Technology Group (DJT), the listed company which operates the social media site Truth Social, announced on Tuesday a capital increase of $ 2.5 billion to create a Bitcoin BTC treasure.
The company has concluded a subscription agreement with around 50 institutional investors, issuing $ 1.5 billion in ordinary shares and $ 1 billion in convertible insured tickets, according to a press release. The offer is expected to close on May 29. Crypto.com and Digital Anchorage will provide day care for the company’s BTC holding company.
The story was initially reported on Monday by the Financial Times.
The DJT jumped more than 10% in action before marketing, but has increased modestly in the trading of an early regular session. Bitcoin is slightly higher, negotiating just above $ 110,000.
