#TrumpMediaBitcoinTreasury Bitcoin Treasury" and Investment: * Trump Media & Technology Group (TMTG), the parent company of Truth Social, has announced plans to raise a significant amount of capital (reported as $2.5 billion to $3 billion) to invest in Bitcoin. * This investment aims to create a "Bitcoin treasury" for the company, diversifying its revenue streams and pushing into the financial sector. * TMTG CEO Devin Nunes has stated that they view Bitcoin as an "apex instrument of financial freedom" and a "crucial part of our assets." * The funds are reportedly being raised through a combination of stock sales and convertible notes. * This move positions TMTG as one of the public companies with a substantial Bitcoin treasury, similar to MicroStrategy. 2. Truth Social and Crypto Integration: * TMTG is exploring the integration of cryptocurrency into the Truth Social ecosystem. * This could include the launch of a utility token for content rewards, tipping, advertising credits, or even governance features within the platform. * There's also speculation about a crypto wallet and a "Truth ecosphere" that might include investment products combining cryptocurrencies and traditional assets. * This reflects a broader trend of media platforms seeking new monetization models through blockchain and Web3 technologies. 3. Trump's Evolving Stance on Crypto: * Donald Trump was once a skeptic of cryptocurrencies, even referring to them as "not money" in his first term. * However, he has significantly shifted his stance, now embracing digital assets and pledging to make the U.S. the "crypto capital of the world." * He has launched his own NFTs and a meme coin ($TRUMP), and his family's wealth has reportedly increased significantly due to various crypto holdings.$BTC
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