menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Blockchain News

>

Trump Medi...
source image

TronWeekly

1d

read

5.9k

img
dot

Image Credit: TronWeekly

Trump Media Pursues $3 Billion in Equity and Bonds for Bitcoin and Crypto Acquisitions

  • Trump Media and Technology Group (TMTG) plans to raise $3 billion to purchase Bitcoin and other digital assets, including $2 billion in equity and $1 billion in convertible bonds.
  • The fundraising aims to strengthen the company's position in the cryptocurrency sector, following a trend of corporate Bitcoin investments.
  • Sources suggest that TMTG will use the funds for crypto acquisitions, aligning with the growing trend of including digital assets in corporate treasuries.
  • The Trump family, including President Trump and his son Donald Trump Jr., has been increasingly involved in cryptocurrency markets through various projects like NFTs, meme coins, and crypto-based financial services.

Read Full Article

like

20 Likes

For uninterrupted reading, download the app