Trump Media Group plans to raise $3 billion for crypto asset investment

PANews reported on May 26 that according to the Financial Times, the Trump family's Trump Media and Technology Group (TMTG) plans to raise $3 billion to purchase cryptocurrencies such as Bitcoin, including $2 billion in equity financing and $1 billion in convertible bonds. The plan may be announced before the crypto conference held in Las Vegas this week. TMTG's move follows MicroStrategy's example of allocating large amounts of Bitcoin through additional stock issuance and bond issuance to strengthen its layout in the digital asset field.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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