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- Trump will bring the media to $ 2.5 billion to create one of the largest bitcoin bonds among public companies.
- The treasury deal includes $ 1.5 billion in public stocks and $ 1 billion of convertible notes.
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Trump Group Media and Technology (TMTG), which runs social truth and other media and technology platforms that carry the Trump brand, Declare Tuesday is its plans to raise $ 2.5 billion in an attempt to build the Bitcoin Treasury.
The company will adopt a game book closer to Michael Celor’s strategy, offering $ 1.5 billion of shares and $ 1 billion of convertible guaranteed notes to a selection of about 50 institutional investors. The deal is expected to be closed on Thursday, May 29.
In a statement on Tuesday, the CEO of Trump Media Devin Nunes said that the company is viewing Bitcoin as “APEX Financial Freedom tool” and will now carry Crypto as a major part of corporate assets. Bitcoin for a short period of $ 110,700 on the company’s Bitcoin Treasury Plan, For all TradingView.
“The first acquisition of the assets of the crown jewel will help this investment in defending our company against harassment and discrimination by financial institutions, which afflict many Americans and American companies, and will create a synergy for subscription payments, a symbol of facilities, and other planned transactions through social and true truth+,” I noticed Nun. ))
The convertible notes will carry an interest rate of zero and will feature a specific transfer price at a price of 35 %. From end Q1 2025, the company reported a decade of $ 759 million in cash, cash rewards, and short -term investments.
Yorkville Securities, LLC and Clear Street LLC as participating employees, with BTIG, LLC and Cohen & Company Capital Markets that work as agents for joint connection. Crypto.com and Anchorage Digital will provide nursery services for the Ministry of Bitcoin.
Crypto.com and Yorkville America Digital recently entered a deal with Trump the media In an attempt To bring the first American encryption boxes to the market, including those associated with bitcoin and chronos.
This announcement follows a report on Monday from The Financial Times, who claimed that Trump is seeking to raise $ 3 billion through stock sales.
According to the report, net revenues will be used to gain bitcoin and other encryption assets. The report also indicated that the announcement is expected to precede the Bitcoin Conference, which begins today.
The event, the largest of its kind, features A selection of High -level characters, including Vice President JD Vance, Donald Trump Junior, Eric Trump, Crypto Czar, David Sachs. Michael Celor, along with other prominent industry leaders, is also scheduled to attend.
In the same report, The Financial Times said it had contacted the company to comment and received a response that the publication has a “stupid book listening to the sources of Aghboura.”
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