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Image Credit: Coin Telegraph

Trump Media Group to raise $3B for Bitcoin treasury — Report

  • Trump Media and Technology Group, the company behind US President Donald Trump’s Truth Social platform, is planning to raise $3 billion in a mix of equity and convertible bonds to buy Bitcoin and other cryptocurrencies.
  • The company denied any plans for a Bitcoin treasury in a statement to the Financial Times, calling the sources unreliable.
  • Trump Media will issue $2 billion in equity and $1 billion in convertible bonds, with the size of the raise subject to change.
  • The move may lead to increased scrutiny on the Trump family's crypto businesses, with critics raising concerns about conflict of interest and insider trading questions.

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