Trump Technology Group's Bitcoin Treasury $2.5 billion private equity financing subscribed by about 50 institutions

BlockBeats News: On May 27th, the Trump Media Technology Group (DJT) announced that it has signed subscription agreements with about 50 institutional investors for a total of approximately $2.5 billion in private equity financing. The financing includes approximately $1.5 billion in common stock and $1 billion in zero coupon convertible senior secured bonds, and the funds raised will be used to create a Bitcoin treasury. The company will use Crypto.com and Anchorage Digital for the custody of its Bitcoin treasury, and the financing is expected to be completed around May 29, 2025.