📣 Has Trump's company also started to 'buy coins'?!
On May 27, Trump's **Trump Media & Technology Group (TMTG)** suddenly announced a major event:
They are preparing to raise up to $2.5 billion in financing to buy—**Bitcoin!** 🪙💰
How exactly will they operate?
They have negotiated with about 50 investment institutions, planning to issue $1.5 billion in stock and $1 billion in convertible bonds to raise money. The goal is clear: to buy Bitcoin as 'hard assets' in the company’s treasury, just like MicroStrategy 📦.
😮 Just denying it moments ago, and then officially announcing it.
The amazing thing is—
Earlier that day (Financial Times) reported this matter, and the company seriously denied 'We have no such plans' 🙅♂️.
As a result, they announced it themselves that night, indeed the 'face-slapping' speed is a bit fast 😂.
This also directly affected stock prices:
Pre-market it surged at one point, but couldn't hold up when the market opened, **the stock price directly fell by 10.38%** 📉. It has already dropped 31% this year, which can be considered quite miserable...
📈 Imitating the operations of 'Bitcoin whales' MicroStrategy?
Experienced players in the crypto world can see that this operation is somewhat similar to **the Bitcoin-heavy enthusiast 'MicroStrategy'**:
Constantly raising funds to buy BTC, not for advertising or selling products, the goal is simply 'HODL the coins' 👑.
Supporters of this approach believe: 'We understand the risks and can control them!'
But critics argue: 'Once Bitcoin crashes, such companies may go bankrupt directly.' ⚠️
🏢 What is the background of this company?
TMTG is Trump's own company, and he personally holds 52.9% of the shares.
It has a social platform called Truth Social, but its recent quarterly performance has been average,
Advertising revenue is only $820,000, with losses as high as $32 million 📉💸, which puts a lot of pressure on operations.
However, they really want to charge into the crypto world,
They have long revealed that they are researching 'utility tokens' and have reached a cooperation with Crypto.com 🤝.
🎯 To summarize:
Trump's company wants to borrow $2.5 billion to buy Bitcoin;
Stock prices first rose and then collapsed, closing down over 10%;
The overall strategy is modeled after the 'MicroStrategy' approach;
Although the company is operating at a loss, it is eagerly embracing the crypto world, showing great ambition.
📌 For friends, this is a typical case showing that more and more traditional companies want to treat Bitcoin as an asset reserve. But don't forget, the risks are no joke!
