On May 27, media reported that Trump Media reached an agreement with approximately 50 institutional investors to raise capital through a private issuance channel, with a total value of around 2.5 Bit USD. This includes 1.5 Bit USD from common stocks and 1 Bit USD from interest-free convertible bonds. These Capital funds will be used to establish a Bitcoin reserve. This reserve will be managed by Crypto.com and Anchorage Digital. The transaction is expected to be completed on May 29.
This transaction demonstrates strong attention to cryptocurrency, especially Bitcoin, from institutional investors. Managed by major names like Crypto.com and Anchorage Digital, this project promises to open new advances.
The interest-free convertible bonds represent a strategic approach to attracting investor participation while minimizing financial risks. With the massive raised Capital, this move not only supports cryptocurrency infrastructure establishment but also boosts market confidence.
