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Republican presidential candidate and former US President Donald Trump are gesturing at Bitcoin 2024 in Nashville, Tennessee, USA, July 27, 2024.
Kevin Wurm | Reuters
Las Vegas – Trump media Tuesday announced a $ 2.5 billion increase from institutional investors to Bankroll from one of the largest bitcoin Applauded the Treasury by a public company.
After the news, the company fell about 10%.
This is the last and most ambitious step in its evolution from the social platform free speech to the financial services player.
The transaction includes $ 1.5 billion of the usual stock and $ 1 billion in notes, and the revenue is intended for buying Bitcoin, which the company will now contain as the main treasury. The company said it had subscription agreements with about 50 institutional investors.
The company also confirmed that Bitcoin will be held using Anchorage Digital and Crypto.com – the same platform that has recently signed a deal to help Trump Media run your first Exchange remedies.
The ad goes as the bitcoin is approaching Write down the highs And the largest gathering of digital assets in the year goes to the las -vegas lane: Bitcoin 2025. The conference helped to consolidate the president Donald Trump“Image as the first in the country”cry The President. “
This year at the conference at the conference this is a full press with the White House of Trump, with Vice President J. D. Vens, Donald Trump Jr., Eric Trump, Krypto-Church David Sax and other chief officials.
The Trump Media stock remains unstable, so far the shares are almost 30%. The company has a market restriction of about $ 5.3 billion, despite the fact that it reports the income of only $ 3.6 million and A 400 million dollars Loss in 2024.
Trump Indirectly belongs to more than 114 million shares Trump’s media through recalled trust.
Davin Nunes, CEO of the company and the former California Congressman, called Bitcoin a “top financial freedom instrument,” and said it was only the first “Crown” acquisition to be engaged in.
He made this step as a defensive strategy, saying that it would help protect the campaign from what he called “constant” discrimination against the conservative business.
The firm has already signed a partnership from Crypto.com to bring a number of ETFs and digital assets products to the market at the end of this year before the regulatory approval.
These funds will include crypt baskets such as Bitcoin and Crypto.com, native token, cronos, as well as traditional securities. They will be branded under Trump Media and offer global investors on large brokerage platforms and in the Crypto.com app, which has more than 140 million users worldwide.
This step deepens the Trump’s crystand: World Liberty Financic Bitcoin Reserve And a separate cry is a federal government.
The expansion of financial services relies on the growth of national anger over the perceived bank discrimination of conservatives.
Crypto -Galina executives also testify to the Capitol hill about the struggle of the industry solution During the president Joe Biden ‘s Administration.
Trump himself expressed disappointment Bank of America and Jpmorgan Heads during the recent appearance at the World Economic Forum in Davos, blaming them Conservative clients “lock”.
A Running trut.fiAlong with growing popularity, Trump is a reaction of the private sector.
2.5 billion dollars with Bitcoin Treasury also follow the increasing trend among politically aligned enterprises that convert their corporate treasures into a car-bitcoin car. This is a strategy Microstate Microstategia Microstate in 2020 – But now the Trump and Kryptus Turbins are the same.
Jack Males Looking for a rival strategy with a new Bitcoin company, supported Tether and Softbank, and David Bailey, an architect who stands behind another Bitcoin game associated with Trump-Nakamoto Holdings- Recently headed a merger of $ 710 million With the Kindlymd healthcare firm, which will translate from the holistic restoration of apioids to the krypto-first strategy.
Bailey, trusted Krypto -Administration Trump, called the performance: “Strategy, Square”.
“Our full attention is paid to the increase in bitcoin per action,” Bailey said earlier, plans to buy companies engaged in bitcoins in each major capital market.
See: Jack Males are committed to competition with a new company Bitcoin, supported Tether and SoftBank