Trump Media to raise $2.5 billion to fund bitcoin treasury

FILE PHOTO: Illustration shows representations of cryptocurrency bitcoin

(Reuters) -Trump Media and Technology Group has entered into agreements with institutional investors to raise about $2.5 billion for the creation of a bitcoin treasury, U.S. President Donald Trump’s social media firm said on Tuesday.

(Reporting by Arsheeya Bajwa in Bengaluru; Editing by Shilpi Majumdar)