Donald Trump’s Media Conglomerate Is Becoming a Bitcoin Reserve

Trump media and Technical group, a public business organization where US President Donald Trump and owner of the majority of his family have collected $ 2.5 billion to submit a “Bitcoin Treasury”.

Monday, as in response A report By the Financial Times, TMTG initially denied thinking about any such strategy. “In the Financial Times, dumb writers are listening to dense sources,” the company says. However, the Trump media and the technology group seem to have changed its tune.

A Press release Tuesday, TMTG confirmed that they agreed to sell $ 1.5 billion equity and receive another 1 billion dollar debt – and planned to use earnings to add a large amount of bitcoins in the balance sheet.

This agreement keeps TMTG in competition with the growing stability of Bitcoin accumulated stocks, which acts as a type of alternative to investors without investors Manage the Crypto by themselvesThe According to theory, the price of Bitcoin falls as the price of the big Bitcoin treasury should be shared.

“We see Bitcoin as the leading material of financial freedom and now Trump Media will hold the cryptocurrency as an important part of our wealth,” said TMTG CEO CEO Devin Nuns. “This is a big step in the planning company’s plan for developing an additional profit-maker, Crown Jewel wealth in harmony with America’s first principles.”

TMTG’s crypto hug represents a small portion of the more extensive photo: Trump and his family have turned into almost every section of the Krypto market in the past year, despite the chorus of complaints related to the allegations Office objection And Conflict of interestThe

In January, both Trump and his wife Melania are on the day of the opening Have issued their own crypto coinsAdd billions of dollars to the net price of their paper. In the same month, TMTG announced Launch True.fi, its new fintech section, which is the only partnership after that Including crypto exchange Crypto.com is aimed at supplying the investment products related to the public. President’s son Eric Trump and Donald Trump Jr. have already promoted a separate crypto service organization, World Liberty FinancialAnd recently the American Bitcoin, a Bitcoin mining business.

Crypto initiatives associated with the Trump family have collected several hundred million dollars – in some parts Crypto coins sale Investor gains wealth to the public and partially to the public Deals cut with business partnersThe

“Over time looking back at Donald Trump’s initiatives … he basically brings marketing and built -in audiences in exchange for a relatively large cut,” Crypto Consultancy Zero Knowledge NYU Stern School of Business and Managing Partner Austin Campbell. “American Bitcoin literally that playbook.”

In May, Eric Trump Declaration There are plans to make American Bitcoin public. Like TMTG, the company wants to achieve a large Bitcoin Treasury and turn itself into a Bitcoin free stock. “Our view for American Bitcoin is to create the most invested Bitcoin platform in the market,” he said when the plan was announced.