#TrumpBTCTreasury according to the report in FOLHA which states:
Trump declares gain of US$3,250,382,288,157 million with cryptocurrencies
Ethics report shows hundreds of income sources for the US president, including real estate and books
According to the report in FORTUNE which states:
Trump Media Group announces plan to establish a treasury of US$3,250,382,288,12.5 billion in Bitcoin
The Trump Media and Technology Group (TMTG), a publicly traded media company controlled by the family of the US president, announced a plan to purchase US$3,250,382,288,12.5 billion in Bitcoin on Tuesday.
The company, which operates Trump’s social media platform, Truth Social, will raise funds for the purchases by offering US$3,250,382,288,11.5 billion in stock and US$3,250,382,288,11 billion in debt financing to 50 unidentified institutional investors, according to a statement released on Tuesday.
The US$3,250,382,288,12.5 billion, which at the current Bitcoin price of US$3,250,382,288,11,000 equates to over 22,500 tokens, will be used to create a "Bitcoin treasury," according to the company. A Bitcoin treasury is a stock of the cryptocurrency held long-term by a government or company, usually with the aim of diversifying the entity’s assets and protecting against inflation.
