According to online reports, Trump Media Technology Group announced the placement agent and legal adviser for the US$2.5 billion Bitcoin treasury transaction. The company disclosed that it has signed subscription agreements with 50 institutional investors, including the issuance of US$1.5 billion in common shares and US$1 billion in convertible senior secured notes. Yorkville Securities, LLC and Clear Street LLC will serve as joint lead placement agents for this offering, and BTIG, LLC and Cohen & Company Capital Markets will serve as joint placement agents. Law firm Reed Smith will serve as the placing agent for the offering, who is also legal adviser on the merger transaction of Bitcoin native holding company Nakamoto Holdings Inc.