Trump Media and Technology Group (DJT), the company which operates the social media site Truth Social, plans to raise $ 3 billion to buy cryptographic assets, the Financial Times reported on Monday.
The increase in capital, which would combine an increase in shares and the offer of convertible bonds, could be announced during the Bitcoin 2025 event this week held in Las Vegas, according to the report.
News are a growing list of public enterprises add cryptocurrencies, mainly bitcoin
With their balance sheets, taking a page of the increasingly popular game manual from Michael Saylor Strategment (MSTR). The software company has become the world’s largest holder of the main asset in cryptography, accumulating more than $ 62 billion in BTC in its treasure by funding purchases via a combination of capital and debt emissions.
Trump Media shared plans earlier this year to launch a crypto financial service platform and the negotiated funds on personalized exchanges. He also said that he wanted to join Crypto Exchange Crypto.com to launch ETF products.
Read more: the strategy buys 4,020 bitcoin for $ 427 million, brings a total hiding place to more than 580,000 BTC
