Trump Media Seeks To Elevate $3 Billion To Purchase Bitcoin And Different Cryptocurrencies ⋆ ZyCrypto
 
 
The Monetary Instances reported right this moment, citing six individuals aware of the matter, that Trump Media & Expertise Group, which owns Fact Social, goals to lift $3 billion to buy numerous digital belongings.
The capital increase, which might be introduced at this week’s Bitcoin 2025 occasion held in Las Vegas, can be one other signal of the Trump-linked agency’s deepening entanglement with the crypto business.
The Fact Media is alleged to be planning to lift $2 billion in recent fairness and $1 billion by way of a convertible bond sale to spend money on Bitcoin and different digital belongings, the Monetary Instances reported on Could 26. The ultimate particulars of the deliberate raises, together with their measurement and timing, are topic to vary, based on the report.
The information of the supposed capital increase comes as an growing variety of publicly traded firms are including cryptocurrencies, principally Bitcoin, to their stability sheets, borrowing a web page from Technique’s playbook.
The Software program intelligence turned Bitcoin improvement agency is at the moment the world’s largest company holder of the foremost crypto, holding practically 3% of BTC’s complete provide in its treasury by financing the buys by a mixture of fairness and debt issuances.
 
Broader Crypto Ventures
The FT report of the $3 billion capital increase comes as Trump Media, President Donald Trump, and his household deepen their ties with the crypto market. Final month, Trump Media sealed a deal with crypto alternate Crypto.com to launch a sequence of “made in America” crypto exchange-traded funds (ETFs).
The Trump household has additionally debuted a pair of meme cash, $TRUMP and $MELANIA, along with supporting a decentralized finance mission referred to as World Liberty Monetary, and the president is making an attempt to create a nationwide Bitcoin reserve — all in simply the previous couple of months.
On Could 22, President Trump hosted as much as 220 of the most important holders of his TRUMP memecoin for a controversial dinner occasion on the Trump Nationwide Golf Membership in Potomac Falls, Virginia.
