Summary
- Trump Media & Technology Group (TMTG) has reportedly completed $2.44 billion in fundraising to build up a Bitcoin (BTC) reserve.
- This fundraising is part of TMTG’s $2.5 billion private bond issuance plan involving a total of 50 institutional investors.
- As of the 31st, Bitcoin is reported to be trading at $104,911.60 on the Binance Tether (USDT) market, down 1.78% from the previous day.
According to financial breaking news account Walter Bloomberg on the 30th (local time), the Trump Media & Technology Group (TMTG), owned by the family of Donald Trump, former President of the United States, has completed a $2.44 billion fundraising to build up a Bitcoin (BTC) reserve.
This was part of a private placement plan announced on the 27th (KST), under which TMTG had revealed it was pursuing a $2.5 billion private bond issue involving a total of 50 institutional investors.
Meanwhile, as of 1:28 AM on the 31st, Bitcoin is trading at $104,911.60 on the Binance Tether (USDT) market, down 1.78% from the previous day.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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