Trump Media's private equity financing includes $1.5 billion in common stock and $1 billion in zero coupon convertible bonds

Trump Media has reached subscription agreements with approximately 50 institutional investors for a total of approximately $2.5 billion in private equity financing, including $1.5 billion in common stock and $1 billion in zero coupon convertible bonds. The raised funds will be used to establish a Bitcoin vault, which will be managed by Crypto.com and Anchorage Digital. The transaction is expected to be completed on May 29th.