Trump is the media to raise $ 12 billion by offering securities – more BTC purchases?
Trump Media & Technology Group (TMTG) plans to raise billions of dollars by offering securities. Although the company has not clarified the reason for collecting donations, the company’s actions in the past few weeks raises speculation about whether part of the fund will be directed towards more Bitcoin (BTC) acquisitions.
According to presentationTMTG intends to raise up to $ 12 billion by providing joint shares, favorite shares, securities, orders, orders, rights or units for investors.
TMTG to raise $ 12 billion
The terms of the offer will be provided in the uploaded supplements over time. Currently, TMTG has made it clear that it intends to sell 84.6 million shares of its joint shares of $ 0,0001 each.
TMTG will sell 55.8 million shares for institutional investors in a special position at $ 25.72 per share for a total amount of about $ 1.44 billion. The company will also provide 28.8 million shares issued when transferring its major transfer bees by 0.00 % due 2028 for a total amount of one billion dollars.
The company noted that it has flexibility in selling stocks at varying prices through different channels, including subscription, merchants and agents.
“We provide more information on how we and the security militants sell securities in the department entitled” The Distribution Plan “. We will get revenues from issuing and selling our shared shares, securities, debt orders, rights or units.
Buy $ 2.5 billion btc
Earlier last week, it was reported that TMTG revealed that it raised $ 3 billion to buy BTC. About 24 hours later, the news appeared that the company raised about $ 2.5 billion to implement the BTC acquisition plan. The company raised funds by selling $ 1.5 billion in stocks and $ 1 billion of convertible notes at a price of 35 %.
TMTG with BTC maintains its public budget, while Crypto.com and Anchorage Digital provides a nursery of assets.
The latest BTC purchase of TMTG and the intense wave of Bitcoin’s accreditation in the corporate sector irritation that the $ 12 billion will be targeted with more BTC acquisitions. It remains to see if this plays as expected.
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