Trump Media seeks to collect $ 3b to crypto -purchase: ft

Trump Media and Technology Group (DJT), the company that runs Social Media Site Truth Social, plans to collect $ 3 billion to buy crypto assets, the Financial Times reported Monday.

The capital increase, which is said to combine an equity increase and convertible bond offering, could be announced at this week’s Bitcoin 2025 event held in Las Vegas, according to the report.

The news comes as a growing list of public companies adds cryptocurrencies, predominantly Bitcoin

to their balance that takes a page from Michael Saylor-Helmed Strategy’s (Mstr) increasingly popular Playbook. The software company has become the world’s largest business owner of the leading crypto asset, which accumulates over $ 62 billion in BTC in its treasury by financeing purchases through a combination of equity and debt issues.

Trump Media shared plans earlier this year to launch a platform for financial services focusing on crypto and adapted stock -traded funds. It also said it wants to work with Crypto Exchange Crypto.com to launch the ETF products.

Read more: Strategy buys 4,020 Bitcoin for $ 427m, brings Total Stash to over 580,000 BTC

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top