#TrumpBTCTreasury
Trump wants $BTC a bitcoin as state reserve.
President Donald Trump's social media startup has a new business strategy: to buy bitcoin.
Trump Media & Technology Group, the parent company of Truth Social, of which Trump is the majority shareholder, has closed deals with about 50 major investors who will raise $2.5 billion for the company, both in equity and debt, according to a statement issued on Tuesday. The company plans to use the funds to create a "Bitcoin Treasury," a measure that consolidates the presence of the president's business empire in the cryptocurrency market, valued at $3.5 trillion.
"We consider Bitcoin to be a fundamental instrument for financial freedom, and now Trump Media will hold cryptocurrencies as a crucial part of our assets," said Devin Nunes, former Republican representative and current CEO of Trump Media. "This investment, our first acquisition of a key asset, will help protect our company from harassment and discrimination by financial institutions, which affect many Americans and American businesses."
