Trump Media plans to raise USD $ 3 billion to buy bitcoin and crypts: report

By Hannah Pérez

Trump’s media and entertainment company revealed months ago plans to integrate Bitcoin into his treasury. Day reports reveal that the firm could promote that strategy with a thousand millionaire collection.

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• Trump Media & Technology Group would be looking for a thousand millionaire collection to buy Bitcoin.
• The Board of Directors of the firm had already approved a Crypto Treasury Diversification Strategy.
• The firm could offer actions to raise capital, but it has not made an official announcement.
• If confirmed, the movement is the last sign of Trump’s interest in asset class.

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The Donald Trump’s media conglomerate could replicate the accumulation play of Bitcoin of Strategy.

Trump Media & Technology Group (TMTG) is apparently looking to raise an extraordinary sum of USD $ 3 billion to add cryptocurrencies as Bitcoin To his corporate treasury, according to the news media on Monday Financial Times.

Familiar sources advanced to that publication that the company aims to raise USD $ 2 billion in fresh capital and another USD $ 1 billion through a convertible bonus, although the terms, such as the collection size, could change.

The runners Clearstreet and Btig They could serve as subscribers of the agreement, two people added to that newspaper.

TMTG, which is more than 50% owned by the president of the United States, is behind the social network platform, Social truthhas been venturing into cryptocurrencies this year as the Trump administration is favorable with the asset class.

In January, Trump Media presented a new financial technology strategy, with plans to launch financial services and invest in cryptocurrencies such as Bitcoin From his treasury. Later, in April, the company confirmed an alliance with the exchange Crypto.com and Yorkville America Digital to offer a series of bags quoted in the stock market (ETF) linked to cryptocurrencies.

Since he returned to his second mandate in the White House in January, Trump has expressed his intention to turn the United States into a global cryptocurrency center and a superpower of Bitcoinestablishing among its main priorities for this 2025 the signing of new laws for the sector.

Trump Media would seek to add Bitcoin to his treasury

Trump’s media and entertainment company has not made an official pronouncement on collection plans.

At the end of January, The Board of Directors of Trump Media had approved an investment of “Up to USD $ 250 million“ to diversify your cash reserves through investment vehicles with exposure to Bitcoin and other cryptocurrencies, according to the company in a statement. However, since then, it has not provided more details.

The new reports suggest that the company could offer follow -up actions at a sale price close at its price at the close of the negotiation on Friday, as part of the collection. TMTG shares closed USD $ 25.72 on Friday, or a market value of almost USD $ 6 billion, he wrote Financial Times.

These plans could be announced before a large meeting of investors and cryptocurrency defenders in Las Vegas this week, where vice president JD Vance, the children of Trump, Donald Jr. and Eric, and the Tsar crypto, David Sachs are expected to speak, adds the publication.

If these plans effectively follow, TMTG would join a growing list of global companies that adopt Bitcoin as a reserve asset for the Treasury. Strategypioneer and leader of this strategy, maintains 580,000 BTC in its corporate balance.

The president and his impulse towards cryptocurrencies

The plan is the last example of Trump’s relatives impulse towards cryptocurrencies. Days before its presidential inauguration, Trump launched his own memecoin Trump, and also supported the decentralized finance project, World Liberty Financialwho issued his own Stablecoin USD1, linked to the US dollar.

On Friday last week, Trump celebrated a gala dinner with the main headlines of your Token Meme. Meanwhile, among the related initiatives, his family has also sponsored the cryptocurrency mining company, American Bitcoin.

The ties with Trump cryptocurrencies have aroused concerns about conflicts of interest as the president presses legislators to advance a Stablcoins law this year.

An earlier report State Democracy Defenders Action estimated that Trump family has increased its assets in USD $ 2.9 billion thanks to cryptocurrency investments, Primary part thanks to the memecoins Trump and Melania. On the other hand, Eric Trump has said that his father has large uninformed amounts of Bitcoin.

The price of Bitcoin (BTC), which has been increasing since Trump won the elections last year, a new USD $ 112,000 historical maximum last Thursday was secured. At the time of editing, BTC changes hands around USD $ 109,700.

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Hannah Estefanía Pérez / Diariobitcoin

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