The ambitious commitment of Trump Media to raise 3,000 million dollars to invest in cryptocurrencies reflects the growing alignment of the former president and his environment with the crypto industry, both at the business and political level.
The social media company of the president of USA, Donald Trump, Trump Media & Technology Group(Djt.o), plan to raise around U $ 3,000 million to invest in cryptocurrencies Like Bitcoin.
The company, which manages the streaming and social network platform Truth Social, seeks to capture U $ 2,000 million of in new capital and other US $ 1 billion through a convertible bonus, according to the report. Trump Media & Technology Group plans to use the US $ 3,000 million to buy various digital assets, the Financial Times reported, citing six people with knowledge of the subject.
If the operation is specifiedit would be another sign of the growing involvement of the company —And of its owners – with the cryptocurrency industry. The final details of planned collections, including their size and calendar, are subject to changes, according to the medium.
Trump Media No He responded immediately to a request for comments from Decrypt. The actions of Trump Media traded au $ 25.72 at the time of the writing, with a rise in the 4% In the last 24 hours.
The news in Bitcoin
The news about the collection of US $ 3,000 million arises at a time when TMTG deepens its incursion into the digital asset market, while the president Donald Trump and his family strengthen his links with investors and crypto companies both in the United States and abroad.
Donald Trump Bitcoin.jpeg
In January, the company announced the launch of a Fintech business called Truth.fiwhich will provide investors access to Bitcoin, energy -based investments and other financial products. Two months later, TMTG closed an agreement with the trading platform Crypto.com to offer several ETF (quoted funds) based on digital assets through Truth.fi.
The president’s family has also become increasing and directly involved in the crypto world, launching a collection NFT cards and two meme coins, which are quoted under tickers Trump and Melaniain addition to supporting a decentralized finance project called World Liberty Financialall this in just the last months.
President Trump also organized last week A gala dinner with more than 200 major investors in its official meme coin Trump –A luxurious event that unleashed harsh criticism by the American public, politicians and media.
Source: Ambito
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