JUST IN: Donald Trump Makes New Move on Cryptocurrency: This Time It’s Big
The post JUST IN: Donald Trump Makes New Move on Cryptocurrency: This Time It’s Big appeared on BitcoinEthereumNews.com. Trump Media and Technology Group (TMTG), controlled by the family of US President Donald Trump, aims to raise $3 billion to be used in cryptocurrency investments. According to the Financial Times, this funding will be provided through a $2 billion new capital raise and $1 billion in convertible bonds. TMTG’s strategy is similar to that followed by MicroStrategy, a software company that now has a market value of over $100 billion. MicroStrategy has attracted attention by purchasing billions of dollars’ worth of Bitcoin through debt and equity issuance. The company’s secondary stock offering will be conducted at “at-the-market,” or close to the market’s closing price. TMTG shares closed at $25.72 on Friday, giving them a market value of about $6 billion. President Trump has previously vowed to make the US the “crypto capital of the world.” The TMTG announcement could come ahead of a major crypto investors and advocates gathering in Las Vegas this week. Trump’s sons Donald Jr. and Eric Trump, US Vice President JD Vance and Trump’s crypto advisor David Sachs are expected to speak at the event. Details, timing and total amount of the plan are still subject to change, but the size of the offering has been increased in recent weeks due to strong investor interest, two sources said. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/just-in-donald-trump-makes-new-move-on-cryptocurrency-this-time-its-big/
The post JUST IN: Donald Trump Makes New Move on Cryptocurrency: This Time It’s Big appeared on BitcoinEthereumNews.com.
Trump Media and Technology Group (TMTG), controlled by the family of US President Donald Trump, aims to raise $3 billion to be used in cryptocurrency investments. According to the Financial Times, this funding will be provided through a $2 billion new capital raise and $1 billion in convertible bonds. TMTG’s strategy is similar to that followed by MicroStrategy, a software company that now has a market value of over $100 billion. MicroStrategy has attracted attention by purchasing billions of dollars’ worth of Bitcoin through debt and equity issuance. The company’s secondary stock offering will be conducted at “at-the-market,” or close to the market’s closing price. TMTG shares closed at $25.72 on Friday, giving them a market value of about $6 billion. President Trump has previously vowed to make the US the “crypto capital of the world.” The TMTG announcement could come ahead of a major crypto investors and advocates gathering in Las Vegas this week. Trump’s sons Donald Jr. and Eric Trump, US Vice President JD Vance and Trump’s crypto advisor David Sachs are expected to speak at the event. Details, timing and total amount of the plan are still subject to change, but the size of the offering has been increased in recent weeks due to strong investor interest, two sources said. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/just-in-donald-trump-makes-new-move-on-cryptocurrency-this-time-its-big/
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