Trump Media and Technology Group (TMTG), the company behind the social truth and control by the Trump family, is preparing to raise $ 3 billion to invest in encrypted currencies such as Bitcoin, According to To financial times.
Media project Plans to secure Those familiar with the issue in the Financial Times stated, at a value of $ 2 billion in fresh stocks and $ 1 billion by offering convertible bonds. It can be officially announced that the capital is increased before Bitcoin 2025 conference In Las Vegas this week, where Vice President C. C.
Secondary stock offer will be implemented on the basis of the market, which means that the shares are expected to be priced near the last closure price of $ 25.72, giving TMTG a rating of about $ 6 billion.
TMTG boost comes amid the return of the cryptocurrency on a larger scale. Bitcoin reached a new record 111,999 dollars last week, and the investor’s interest in plays related to encryption rose. The strategic strategy frequency, which used a similar mix of debt and stock financing to buy tens of billions of dollars in Bitcoin – increases the market ceiling to more than $ 100 billion.
Although the news still must be confirmed by TMTG, the comment that they made on the Vinanchel Times may give some doubts about the authenticity of the story:
“It is clear that the times of the Financial Times has a stupid book listening to the sources of doors,” said TMTG. A White House spokesman also refused to weigh. Donald Trump Junior’s representatives did not respond to requests for comment, and Reuters did not immediately receive a request for comment.
Crypto Crypto Pivot from TMTG included a large collection of projects: NFT trading chain, two Memecoins, investments in Crypto Miner American Bitcoin, Stablecoin World Liberty Financial, and next Crypto Etf.
After returning to the White House last year, Trump moved his 53 % stake in TMTG – about $ 3 billion – to cancellation confidence -controlled by Donald Trump Junior, who carries a full investment and vote.
This is a developing story and will be updated as needed.
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