The Trump Media and Technology Group (DJT), a public -exchanged company running the Social Media Socation Social Site, announced Tuesday a $ 2.5 billion capital increase to create a BTC BTC treasury.
The company entered the subscription agreement with nearly 50 institutional investors, releasing $ 1.5 billion in standard stock and $ 1 billion in convertible older notes, according to A Press release. The offer is expected to close on May 29. Crypto.com and anchorage digital will provide careful services for handling the company’s BTC.
The story is At first was reported on Monday of the Financial Times.
The DJT jumped more than 10% on the premarket action, but became moderately less than early regular session trading. Bitcoin is higher marginally, trading above $ 110,000.
