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@ Yahoo! Finance - by layer3.news
2025-05-27 14:44:57
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✍️ President Trump's media company, Trump Media and Technology Group, announced that institutional investors will buy $2.5 billion in the company's stock, with proceeds going towards building a bitcoin reserve.
👉 Institutional investors will buy $2.5 billion in Trump Media and Technology Group's stock
👉 Proceeds will be used to create a 'bitcoin treasury'
👉 About 50 institutional investors will participate in the private placement
👉 Trump's views on cryptocurrencies have shifted from being skeptical to embracing the technology
#DonaldTrump #Mar-a-Lago #Florida #NorthernVirginia #politics
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