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Trump Media Group Seeks $3 Billion for Crypto Acquisition
Trump Media Group Seeks $3 Billion for Crypto Acquisition
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Trump Media and Technology Group (TMTG) is reportedly planning to raise $3 billion to invest in cryptocurrencies, according to The Financial Times. The funding will consist of $2 billion in new equity and $1 billion from convertible note sales. The MOVE signals growing institutional interest in digital assets.
TMTG, the company behind Truth Social and Truth+, had previously indicated its intention to acquire cryptocurrencies through its Truth.Fi platform. This substantial capital raise underscores the increasing convergence of traditional finance and the crypto ecosystem.
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