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Trump Media’s crypto move
Earlier this year, Forbes reported that TMTG pivoted to cryptocurrency, despite generating less than $4 million in annual revenue. In May, the company raised $2.3 billion through debt and stock sales. By July, it acquired $2 billion in bitcoin. The stock sales diluted Trump’s stake from 52% to 41%, giving him personal exposure to an estimated $870 million in bitcoin, it said.
