These 10 Stocks Just Rocked The Market

5. Trump Media & Technology Group Corp. (NASDAQ:DJT)

Trump Media fell by 17 percent week-on-week as investors disposed of shares following news that it was raising $2.5 billion through the sale of more shares and bonds.

In a regulatory filing, Trump Media & Technology Group Corp. (NASDAQ:DJT) said that it entered into a subscription agreement with 50 institutional investors for the sale of roughly 50 million shares of the company at a price of $25.72 apiece. The fundraising activity sparked sell-offs among existing investors as it immediately resulted in the dilution of their equity.

Additionally, Trump Media & Technology Group Corp. (NASDAQ:DJT) clinched a $1-billion subscription agreement with certain investors for the sale of bonds that can also be converted at a later date.

Proceeds from both fundraising programs are intended to be used for their Bitcoin treasury strategy, which they expect to be the largest treasury to date.

“We view Bitcoin as an apex instrument of financial freedom, and now Trump Media will hold cryptocurrency as a crucial part of our assets,” said CEO Devin Nunes.