#TrumpBTCTreasury
Donald Trump's social media company, Trump Media & Technology Group, has announced plans to establish a $2.5 billion Bitcoin treasury. This move is part of Trump's effort to make the United States the "crypto capital of the world". The company intends to raise funds through private placement offerings, with 95% of the proceeds going towards acquiring and holding Bitcoins.💰
Bitcoin Treasury💰Trump Media & Technology Group aims to create a Bitcoin treasury worth $2.5 billion, with (link unavailable) and Anchorage Digital providing custody services.
Investment Strategy✍The company views Bitcoin as a crucial part of its assets, helping to defend against financial institutions.
Market Reaction🦧Trump Media's stock price slumped 11% after the announcement.
Trump's Crypto Stance:Trump has vowed to make the US the "crypto capital of the world" and has explored multiple crypto ventures through his family members