PANews reported on May 27 that Trump Media has reached a subscription agreement with about 50 institutional investors to conduct private placement financing totaling approximately US$2.5 billion, including US$1.5 billion in common stock and US$1 billion in zero-interest convertible bonds. The funds raised will be used to establish a Bitcoin vault, which will be managed by Crypto.com and Anchorage Digital. The transaction is expected to be completed on May 29.