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Euronews

Angela Barnes

Trump Media eyes Bitcoin reserve with €2.3 billion investor backing

Donald Trump Trump Media Bitcoin United States

About 50 institutional investors will put up $1.5 billion (approximately €1.38bn) in the private placement for common shares in the company and another $1 billion (around €920 million) for convertible senior notes, according to Trump Media and Technology Group, the operator of Truth Social and other companies.

Trump Media said it intends to use the proceeds for the creation of a “bitcoin treasury.”

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