Subscribe to Bankless or sign in
Trump Media plans to raise $2.5 billion for a 
Bitcoin treasury, securing commitments from institutional investors and siding with Anchorage for custody.
What’s the Scoop?
- Massive Capital Raise: Trump Media and Technology Group has announced a $2.5 billion capital raise to build a Bitcoin treasury.
- Investor Support: The initiative has secured agreements with around 50 institutional investors, including $1.5 billion in common stock and $1 billion in convertible notes.
- Custody Partners: Crypto.com and Anchorage Digital have been selected to provide custody services for the Bitcoin holdings.
0
0
