"Trump's Gamble on Bitcoin! $2.3 Billion Mysterious Backer Exposed, What Secrets are Hidden Behind?"
Trump Media & Technology Group recently submitted an S-3 filing to the SEC, officially launching the "Bitcoin Vault" plan.
Financing Situation:
Total actual financing amount is $2.25 billion
From 47 institutional investors
Includes 53 million shares of stock and 28 million convertible notes
Core Plan:
1. Establish institutional-grade Bitcoin custody services
2. Incorporate Bitcoin into the company's balance sheet
3. Launch the "Truth Social Bitcoin ETF"
Market Background:
The current Bitcoin spot ETF market size has exceeded $40 billion
BlackRock's IBIT size reaches $18 billion
Risk Warning:
TMTG lost $58 million last year
Bitcoin price volatility exceeds 80%
The existing 10 Bitcoin spot ETFs occupy 98% market share
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