<ul><li>Trump Media and Technology Group has closed a private placement offering to establish a corporate Bitcoin treasury, raising $2.32 billion in net proceeds.</li><li>They sold 56 million shares at $25.72 each for gross proceeds of $1.44 billion and issued $1 billion in convertible secured notes, with 50 institutional investors participating.</li><li>The company plans to use the funds to buy Bitcoin and for general corporate purposes, adding Bitcoin to its balance sheet alongside existing assets.</li><li>This move makes Trump Media one of the largest Bitcoin holders among publicly-traded U.S. firms, with Crypto.com and Anchorage Digital set to custody the purchased Bitcoin.</li></ul>

Trump Media To Invest $2.3 Billion In Bitcoin After Successfully Closing Capital Raise

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