#TrumpMediaBitcoinTreasury Trump Media & Technology Group (TMTG) has unveiled plans to raise 2.5 billion to establish a Bitcoin treasury, marking a significant expansion into the cryptocurrency sector. The funding will be sourced through1.5 billion in stock sales and 1 billion in zero-coupon convertible bonds issued at a 35
CEO Devin Nunes emphasized that this move aligns with#WriteToEarnWCT TMTG's mission of promoting financial freedom and protecting the company from institutional discrimination [2] . The company plans to collaborate with reputable institutions such as Crypto.com and Anchorage Digital for the secure storage of the acquired Bitcoins.
Following the announcement, Bitcoin's price experienced a notable increase, rising from109,400 to $110,300, reflecting renewed investor confidence in the cryptocurrency market. Experts suggest that TMTG's substantial investment could have a positive long-term impact on the crypto industry [1] .
This strategic move is part of TMTG's broader initiative to diversify its revenue streams by expanding into financial services, including the development of crypto-related retail investment products such as exchange-traded funds (ETFs) [1] .
Stock market information for #TrumpMediaBitcoinTreasury Bitcoin (BTC)
- Bitcoin is a crypto in the CRYPTO market.
The price is 110421.0 USD currently with a change of 926.00 USD (0.01%) from the previous close.
- The intraday high is 110425.0 USD and the intraday low is 108291.0 USD.
