Trump Media and Technology Group (DJT), the company that operates the social media site Truth Social, plans to raise $ 3 billion to buy cryptographic assets, the Financial Times reported Monday.
The increase in the capital, which is said to combine a capital increase and the offer of convertible bonds, could be announced in the Bitcoin 2025 this week held in Las Vegas, according to the report.
The news occurs when a growing list of public companies is adding cryptocurrencies, predominantly bitcoins
To his balances, taking a page from the increasingly popular play book by Michael Saylor Helmed Strategy (Mstr). The software firm has become the largest corporate headline in the world of the main cryptographic asset, accumulating more than $ 62 billion in BTC in its treasure by financing purchases through a combination of capital emissions and debt.
Trump Media shared plans at the beginning of this year to launch a financial services platform focused on cryptography and personalized funds quoted in the stock market. He also said he wants to partner with Crypto Exchange Crypto.com to launch ETF products.
Read more: The strategy buys 4.020 bitcoin for $ 427 million, takes a total stash to more than 580,000 BTC
