2 days ago
Trump Media and Technology Group (DJT), the institution that operates the societal media tract Truth Social, is readying to rise $3 cardinal to bargain crypto assets, the Financial Times reported connected Monday.
The superior raise, which is said to harvester an equity rise and convertible enslaved offering, could beryllium announced astatine this week's Bitcoin 2025 lawsuit held successful Las Vegas, according to the report.
The quality comes arsenic a increasing roster of nationalist firms are adding cryptocurrencies, predominantly bitcoin BTC, to their equilibrium sheets, taking a leafage from Michael Saylor-helmed Strategy's (MSTR) progressively fashionable playbook. The bundle steadfast has go the world's largest firm holder of the starring crypto asset, accumulating implicit $62 cardinal successful BTC successful its treasury by financing the purchases via a operation of equity and indebtedness issuances.
Trump Media shared plans earlier this twelvemonth to motorboat a financial services platform focusing connected crypto and customized exchange-traded funds. It besides said it wants to spouse with crypto speech Crypto.com to motorboat the ETF products.
Read more: Strategy Buys 4,020 Bitcoin for $427M, Brings Total Stash to Over 580,000 BTC
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