Trump Media and Technology Group (TMTG), a publicly traded media company controlled by the U.S. president’s family, announced a plan to buy $2.5 billion worth of Bitcoin on Tuesday.
The company, which operates Trump’s social media platform Truth Social, will raise funds for the purchases by offering $1.5 billion worth of its stock and $1 billion worth of debt financing to 50 unnamed institutional investors, according to a statement it released on Tuesday.
