Trump Media & Technology Group, The Company that Owns President Donald Trump’s Trub’s Trub’s Trub’s Trub It calls a “bitcoin treasury.” The company plans to raise the money by selling $ 1.5 billion in common stock and $ 1 billion in convertible debt to 50 investors, according to a pressure release.
The news, first reported by the Financial Times As $ 3 billion before trump media is issued a press release, come after president donald trump help a dinner for some of the largest investors in his own cryptocurrency, $ trump, dubbed a “Memecoin,” because it has no practical uses beyond speculation. Trump Spent Just 20 Minutes at the Dinner, According to several reports And disappointed attendes.
Crypto.com and anchorage digital will actually hold the bitcoin for trump media, according to a pressure release. Trump Media has Alredy launched a Finance Company Called Truth.fi in February and Will offer an Etf That’s Supposed to Be An Alternative to So-Called “Woke” Inventing, AS Bloomberg news Has put it.
“We View Bitcoin as an Apex Instrument of Financial Freedom, And Now Trump Media Will Hold Cryptocurrency as a Crucial Part of Our Assets,” Trump Media Ceo Devin Nuins Sai Sai Type of buzzwords and right-waiting grievance the crypto industry is knowledge for.
“Our first account of a Crown Jewel Asset, this Investment Will Help Defend Our Company Against Harassment and Discrimination by Financial Institutions, Which Plague Many Americans, and Us Firms, and can Create Synergies for Subscription Payments, A Utility Token, And Other Planned Transactions Across Truth Social and Truth+, ”Nunees continued.
Truth+ is the company’s new video streaming channel filled with low-7, far-right content. But Pivoting to Crypto Makes A Lot of Sense Now that Trump is Again the Most Powerful Person in the Country. “It’s a big step forward in the company’s plans to evolve a holding company by acquiring additional profit-generating, crown jeweel assets consistent with america first prints, nuns concluded.
Trump’s cryptocurrency endeavors are widely considered to be the most corrupt actions of any sitting american president of the modern era. The President Makes Money in Transaction Fees Whenever His Coin is Bough and Sold, and the Crypto has contributed billions of dollars to his family’s netwing to, according to CBS News,
Trump’s Crypto Dinner Last Week Was Attended by Justin Sun, A 34-YLD Crypto Billionaire who was under Investigation by the Sec Until Trump TRUMP TOOMP TOOUMP TOUMP TOOUMP TOOMP TOUNGATION Sun, who was born in china and is currently based in hong kong, was reportedly Nervous to travel To the us during the president joe biden’s tenure over the concerns he’d be arrested on sec allegations
A guest list for the dinner was Never released, but the New York Times was altar to figure out the identities of other Attendes, Including Oan Media Personality Caitlin Sinclair and Former NBA Star Lamar Odom, Along with a host of other people from the world of Crypto.
Trump was previously skeptical of cryptocurrencies but had an about-face during the 2024 presidential campaign when he fully embraced the world of fake money. Members of the Trump Regime are expected to spendak at a crypto conference in las vegas this week along the along Vice President JD Vance and “Crypto Czar” David Sacks Are Slated to Attended With the President’s Sons Don. JR. And Eric Trump.
The price of bitcoin was mostly steady on the news of trump media’s plans, holding at Around $ 109,287, according to coinmarketcap. Bitcoin’s price is Hovering Around Its All-Time High, which was first eclipsed last week week before some modest pulback in the price. Trump’s cryptocurrency $ trump ticked up about 1% to $ 12.77 on tuesday. Trump’s coin is Down Considerably Since it reacted an all-time high of about $ 75, on Jan. 19, The Day Before Trump was inaurated for a second time.
Trump Media’s Stock Price (Tmtg) Plunged 10% on Tuesday Morning.