Trump Media raised $1.44 billion from stock sold at $25.72 per share and issued $1 billion in zero-coupon convertible notes maturing in 2028

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Trump Media & Technology Group Corp., the company behind Truth Social, raised around $1.44 billion from selling stock at a price of $25.72 per share and raised about $1 billion in convertible bonds, to buy Bitcoin for its treasury.

The company sold nearly 56 million shares at $25.72 apiece and issued $1 billion in 0% convertible notes maturing in 2028