#TrumpBTCTreasury Trump announced a stock offering to raise 3 billion dollars, intended for the purchase of cryptocurrencies. The funds will allow the creation of a "bitcoin treasury" $BTC that aligns with the proposal for a national reserve of this cryptocurrency. A related plan, the "Trump Bitcoin Vault," is also mentioned in the context of a strategic Bitcoin reserve that would be capitalized with Bitcoin confiscated by the federal government. This initiative aims for Bitcoin to become a strategic reserve at the country level, backed by 50 institutional investors. TMTG also submitted a request to launch an exchange-traded fund (ETF) for Bitcoin called "Truth Social Bitcoin ETF." The company Crypto.com would be the exclusive custodian and liquidity provider for this ETF.
Although Donald Trump expressed skepticism about cryptocurrencies in the past, his stance has evolved, accepting donations in crypto and launching his own digital token.
