Bitcoin Dips Below $104,000 As Trump Media Raises $2.32 Billion To Build BTC Treasury
Posted On May 30, 2025
Bitcoin (CRYPTO: BTC) continues to slide on Friday and is down 2.5% at the time of publication, trading around $104,000, even as Trump Media and Technology Group (NASDAQ:DJT) has closed a $2.44 billion private placement offering to establish a corporate Bitcoin treasury.
What Happened: The offering consisted of 55.8 million shares of common stock at $25.72 per share for $1.44 billion in gross proceeds, plus $1 billion in convertible senior secured notes due 2028.
Trump Media will use approximately $2.32 billion in net proceeds to acquire Bitcoin and fund general corporate purposes.
“Trump Media is focused on acquiring great assets, and this …
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