Trump Media Makes Waves With Major $2.5 Billion Bitcoin Purchase
President Donald Trump’s social media company, Trump Media & Technology Group (TMTG), has announced plans to invest in the market’s leading cryptocurrency Bitcoin (BTC) on Tuesday. According to a report by Politico, the company, which oversees the Truth Social platform, has secured commitments from approximately 50 large investors to raise $2.5 billion through a combination […]
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Trump Media (TMTG) announced that it has successfully raised $2.5 billion from institutional investors, marking one of the largest allocations of Bitcoin treasury assets by a public company. However, the announcement was met with a mixed market response, as shares of Trump Media closed 10% lower on the same day. Trump Media Secures $2.5 Billion For Bitcoin Treasury The substantial funding includes $1.5 billion in common stock and $1 billion in convertible notes, with the proceeds designated for the purchase of bitcoin, which will now be a core asset in the company’s treasury. Trump Media....
Donald Trump’s media venture, the Trump Media and Technology Group (TMTG), is reportedly in advanced negotiations to acquire Bakkt, a crypto trading platform owned by the Intercontinental Exchange (ICE). Trump Sets Sights On Crypto Expansion According to sources familiar with the ongoing discussions, TMTG is considering an all-share purchase of Bakkt, although the exact valuation remains unclear. As of Monday, Bakkt’s market capitalization was just over $150 million. Related Reading: The Year Of Solana: 2024 Sees Global Crypto Love Surge Nearly 40% TMTG, which Trump has pledged to....
– he failed to demonstrate his understanding of the Internet and contemporary, borderless commerce. If it’s not remittances, immigrants in the US will figure out a way to send their money home if they want to do so. For now, it’s not going to be Bitcoin. But, if Trump does block remittances, you better believe that sooner than later increasing numbers of remitters will look into this blockchain technology. Knowing crypto-currency enthusiasts, they’ll likely troll Trump with Wallcoin. Or “Wall: The Blockchain Solution That Knows No Walls.” There’s already “Trumpcoin.” Trump wants to use a....
The once-flying Trump meme coin has crashed, costing investors billions of dollars. The so-called “Official Trump” coin, which once shot up to $75 per token, is currently only worth $16.00. According to grapevines, US President Donald Trump and his friends got away with a fortune, while regular traders suffered a severe blow. Related Reading: Trump […]
Strategy did what Strategy does best – buy more Bitcoin. This, as rumors swirl that Trump Media is raising some $3B to buy more crypto, though the company later denied these. The initial rumors emerged from Trump’s hotly debated crypto dinner, where not everyone was pleased. As Trump continues to raise eyebrows and Saylor pushes Bitcoin, here’s our prediction for the next 1000x cryptos. Strategy Pushes On, Despite Lawsuit Michael Saylor’s strategy to buy all the Bitcoin he can is outstripping mined supply 4:1. It isn’t just about amassing a vast hedge against coming financial market....