#TrumpMediaBitcoinTreasury
๐๏ธ $TRUMP Mediaโs $2.5B Bitcoin Bet Sparks Ethics Debate
President Donald Trump's media company, Trump Media & Technology Group (TMTG), announced plans to raise $2.5 billion to invest in Bitcoin. The funds will be secured through the sale of approximately $1.5 billion in shares and $1 billion in convertible bonds to around 50 institutional investors. The move aims to establish a Bitcoin treasury reserve, positioning TMTG alongside companies like MicroStrategy in holding significant crypto assets. However, this initiative has raised ethical concerns due to Trump's direct involvement and the intertwining of political influence with private financial ventures .
---
๐ Bitcoin Hits Record Highs Amid Political Support
Bitcoin has surged 60% since President Trump's re-election in November 2024, reaching an all-time high of $111,970. The rally is attributed to the administration's pro-crypto stance and increased institutional adoption. The ongoing Bitcoin conference in Las Vegas features key figures from the Trump administration, including Vice President JD Vance and Trump's sons, highlighting the political backing for cryptocurrency .
---
๐ช Meme Coins Gain Momentum
Meme coins continue to captivate the crypto community:
$TRUMP : Launched by President Trump, this token has garnered attention but also sparked debates over potential conflicts of interest .
$PEPE Coin: With a market capitalization of $5.91 billion, it remains a favorite among traders .
Dawgz AI ($DAGZ): An AI-integrated meme coin that has raised over $3.4 million in its presale, positioning itself as a potential breakout token
