President Trump’s media company plans to raise about $2.5 billion from institutional investors to buy bitcoin, the latest entanglement of his private business ventures and the cryptocurrency markets.

Trump Media & Technology Group DJT -6.77%decrease; red down pointing triangle said Tuesday it planned to issue and sell $1.5 billion of the company’s stock and $1 billion in convertible debt to about 50 institutional investors. The company said the investment closes its strategic acquisition fund created to buy, merge or join companies that align with the president’s “America First” policies.