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Trump Media announces $2.5B deal to create bitcoin treasury

The Trump Media and Technology Group on Tuesday announced a 2.5billiondealwithinstitutionalinvestorstocreateabitcointreasury.Thecompanysaidinareleasethatthedeal,whichisexpectedtoclosebyaboutThursday,May29,willfeaturea2.5 billion deal with institutional investors to create a bitcoin treasury. The company said in a release that the deal, which is expected to close by about Thursday, May 29, will feature a 1.5 billion stock issuance as well as 1billioninconvertiblenotes. The1 billion in convertible notes. The 2.5 billion deal is being carried out through a private placement offering and will finance the creation of the bitcoin treasury. Trump Media is the parent company of social media app ...