
Trump Media stock tanks 9% after ‘bitcoin reserve’ announcement, investors to buy $2.5 billion via share purchase
President Donald Trump’s media company said Tuesday that institutional investors will buy $2.5 billion in the company’s stock with the proceeds going to build up a bitcoin reserve. About 50 institutional investors will put up $1.5 billion in the private placement for common shares in the company and another $1 billion for convertible senior notes,…