TMTG signed agreements with 50 institutional investors on private placement of $ 2.5 billion. The transaction includes $ 1.5 billion in the form of ordinary shares and $ 1 billion in the form of convertible bonds with a zero coupon. Bitcoins will be stored through Crypto.com and Anchorage Digital. The transaction should be closed until May 29, if there are no regulatory obstacles.
Trump’s family takes an active part in the crypto industry, in particular, it invested funds in American Bitcoin and the World Liberty Financial project. In addition, TMTG plans to launch an exchange fund focused on cryptocurrencies.
After the US President re -election, Donald Trump transferred his 53% of TMTG shares worth about $ 3 billion in the response trust for the management of Barron William Trump.
Previously, Donald Trump held a closed event for the 220 largest Trump tokens. The guests were met by a group of protesters who gathered at the venue of the “Crypt Uzhin”, the Trump National golf club in North Virginia, not far from Washington.
Source: Bits
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.
