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What the hell is #FLOCK# ?
According to the company's announcement, the private sale included about 50 institutional investors, issuing:
55,857,181 shares of common stock at a price of $25.72, raising approximately $1.44 billion
$1 billion of 0% convertible company bonds, with a conversion price of $34.72 per share
The total fundraising amount is approximately $2.44 billion. Trump Media expects to use about $2.32 billion of the net proceeds to establish a Bitcoin treasury and support the company's operations and other daily funding needs.
Ranked as the fourth largest Whale in the US stock Bitcoin market.