Trump Media Group plans to earn $ 3 billion to spend on cryptos

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Trump Family Media company plans to collect $ 3 billion to buy cryptos like Bitcoin, a bet on the type of digital assets that are champions by the US President.

The truth, the Trump Media and Technology group, which is behind the social application and the President’s family, increased by $ 2 billion in new capital and gave information about $ 1 billion in a convertible bond and reportedly in the opinion of six people.

TMTG’s capital increase can be announced ahead of a large meeting cryptist This week’s investors and lawyers in Las Vegas, Vice President JD Vance, Donald Jr. and Eric, Trump’s crypto cryptic will be expected to talk about David sacks.

Terms of increasing the capital of TMTG, the time and size can still change. Two people familiar with the plans, in the financial time this last weeks, the proposal has increased in recent weeks.

TMTG said, “Dumb writers listening to fog sources in financial time,” he said in his statement, but did not comment. Donald Trump did not respond to appeals for representatives to the JR. The White House refused to comment on the words.

The plan is the last example of pushing the Trump family to Cryptocurrence, which leads to concerns about conflicts of interest. The President promised to do the US Chanto Capital of the United States.

The interest of crypto has covered a wave of waves aimed at capturing the revival in crypters. The price of Bitcoin was held at a high price of $ 109,000 last week.

TMTG’s approach is like this used by strategyAfter using debt and capital victims to get ten billion dollars in Bitcoin, the market value is called a microtrategy called more than $ 100 billion.

The average share proposal will be carried out on the market, ie the shares are expected to be sold near the trade via Friday. TMTG shares closed a market value of $ 25.72 on Friday or about $ 6 billion.

Trump family has a NFT trading card to participate in Crypto, two memecoinsAnd the company’s enterprise in the American Bitcoin and Stablecoin is financial support of freedom in Stablecoin.

TMTG also plans to start an exchange trading fund for Cryptocurrence. Last week, Trump gave a special castle dish for the best investors in the resort outside Washington.

Cleartreet and BTig are between brokers who can serve as the underwrites of the deal.

After the re-election last year, Trump, the last investment of shareholders, who was an excellent investment and voting capacity, about $ 3 billion in TMTG, which was worth about $ 3 billion, transferred its share.

Trading Secretary Howard Lutnick, a blank-selling tool led by Brandon Lutnick, a bitcoin purchase of a bitcoin with a Bitcoin purchase tool, a bitoin in a deal with SoftBank connected to a bite buying a contract.

Last month, Cryptocurrency company, the digital exchange-oriented primer of the digital currency orientation of the digital currency, the secret road will not push cryptoes under the cryptist of institutional investors.

Industrial executors, especially the wave of similar cryptoic transactions between empty inspection companies, is expected in the coming weeks.

Additional report from Alex Rogers in Washington