Trump Media’s Wild Crypto Adventure: $3 Billion and Counting!

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What to know:

  • Well, it seems that Trump Media and Technology Group (DJT) is fixin’ to raise a whopping $3 billion to dive headfirst into the wild world of crypto assets, as reported by the Financial Times. 💰
  • Word on the street is that they might spill the beans about this capital raise at the Bitcoin 2025 shindig in Las Vegas this week. 🎰
  • They’ve also got plans to launch a financial services platform that’s all about crypto and exchange-traded funds, and they’re lookin’ to buddy up with Crypto.com. 🤝

Now, let me tell you, Trump Media and Technology Group (DJT), the fine folks behind the social media site Truth Social, are on a mission to raise $3 billion to snag some crypto assets, according to the latest gossip from the Financial Times. 📰

This capital raise, which is rumored to be a mix of equity and convertible bonds, could very well be announced at this week’s Bitcoin 2025 extravaganza in Las Vegas, if the stars align. 🌟

As the tale unfolds, a growing number of public companies are adding cryptocurrencies, especially that shiny Bitcoin, to their treasure chests, following the lead of Michael Saylor’s Strategy (MSTR), which has become the biggest corporate hoarder of the leading crypto asset, racking up over $62 billion in BTC by financing their purchases through a delightful cocktail of equity and debt. 🍹

Earlier this year, Trump Media shared their grand plans to launch a financial services platform that focuses on crypto and tailor-made exchange-traded funds. They’re also keen on partnering with Crypto.com to roll out those ETF products. Sounds like a real hootenanny! 🎉

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2025-05-26 20:30