About 50 investors will put up $1.5bn in private placement for common shares in the Truth Social operator
Donald Trump’s media company said Tuesday that institutional investors will buy $2.5bn worth of its stock, with the proceeds going to build up a bitcoin reserve.
About 50 institutional investors will put up $1.5bn in the private placement for common shares in Trump Media and Technology Group, the operator of Truth Social and other companies, and another $1bn for convertible senior notes, according to an announcement from the company.
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