4 months ago
Trump Media Group Seeks $3B War Chest to Buy Bitcoin and Crypto Assets: Report
According to the Financial Times, Trump Media and Technology Group (TMTG) is preparing to raise $3 billion through equity and convertible bonds to invest in Bitcoin and other cryptocurrencies. The move comes amid Bitcoin's record high above $111,999 and follows TMTG's previous crypto ventures including NFTs, memecoins, mining investments, and a planned crypto ETF. While TMTG dismissed the report as 'dumb writers listening to dumber sources,' the market awaits official confirmation at the Bitcoin 2025 conference where Trump family members and advisors are expected to speak. If realized, TMTG would emulate Strategy's playbook of leveraging debt-equity financing for large-scale Bitcoin accumulation.
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