🎉 Gate xStocks Trading is Now Live! Spot, Futures, and Alpha Zone – All Open!
📝 Share your trading experience or screenshots on Gate Square to unlock $1,000 rewards!
🎁 5 top Square creators * $100 Futures Voucher
🎉 Share your post on X – Top 10 posts by views * extra $50
How to Participate:
1️⃣ Follow Gate_Square
2️⃣ Make an original post (at least 20 words) with #Gate xStocks Trading Share#
3️⃣ If you share on Twitter, submit post link here: https://www.gate.com/questionnaire/6854
Note: You may submit the form multiple times. More posts, higher chances to win!
📅 July 3, 7:00 – July 9,
Raised 360 billion yen to execute Bitcoin financial strategy, Trump Media
The Trump Media & Technology Group, which operates the social media platform "Truth Social," announced on the night of the 27th that it has reached an agreement for a total fundraising of $2.5 billion (360 billion yen) with about 50 institutional investors. It will execute one of the largest Bitcoin (BTC) financial strategies of a public company through a private placement of approximately $1.5 billion in common stock and $1 billion in interest-free convertible preferred bonds.
The company plans to use the proceeds to build its Bitcoin financial strategy, with CEO and Chairman Devin Nunes stating that it "sees Bitcoin as the pinnacle of financial freedom and holds cryptocurrencies as a key part of its assets." The investment will protect the company from harassment and discrimination from financial institutions, and will create synergies with Truth Social and Truth+ payments and utility tokens.
This funding round will be executed with equity at the recent market price and convertible bonds at a 35% premium price. The company held $759 million in cash and short-term investments as of the end of Q1 2025, with new Bitcoin being added to the balance sheet.
When the Financial Times reported on the $3 billion funding plan on the 27th ahead of the official announcement, the company immediately denied it as "misinformation". However, the company has since officially announced that it has raised $2.5 billion, which is scheduled to close around May 29. In addition, it is said that Crypto.com and Anchorage Digital will support the storage of virtual currency.