#TrumpMediaBitcoinTreasury

Trump Media & Technology Group (TMTG), associated with Donald Trump, has been making waves in the crypto space. While the specific investment details of $2.9 million in Bitcoin aren't confirmed in recent reports, TMTG is reportedly planning a massive $3 billion fundraising round to invest heavily in cryptocurrencies like Bitcoin.

*TMTG's Crypto Plans:*

- *Fundraising Goal*: $3 billion, with $2 billion from new equity and $1 billion through a convertible bond

- *Investment Strategy*: Similar to companies like MicroStrategy, which has accumulated large amounts of Bitcoin

- *Potential Investments*: Bitcoin, exchange-traded funds (ETFs), and separately managed accounts (SMAs)

*Recent Developments:*

- TMTG launched (link unavailable), a financial services division, to expand its presence in investment and digital finance, with plans to allocate up to $250 million in investments, including Bitcoin and ETFs

- The company has also partnered with Hut 8 to create American Bitcoin Corp, a bitcoin mining venture

- Trump's family has launched NFT trading cards, backed memecoins, and invested in ventures like World Liberty Financial, a stablecoin platform

*Market Impact:*

- TMTG's stock surged over 15% in premarket trading after announcing its expansion into financial technology and digital assets

- The company's market value currently stands at nearly $6 billion, with shares trading at $25.72 . $TRUMP