Media Trump and Technology Group, a publicly listed company, in which US President Donald Trump and his family have a majority share, raised $ 2.5 billion for the “Treasury Treasury” Assembly.
On Monday, in response to Report By the Financial Times TMTG initially refused to consider such a maneuver. “Financial Times has stupid writers listening to even stupid sources,” said the company apparently. But it seems that Trump Media and Technology Group has changed its melody.
IN press release On Tuesday, TMTG confirmed that it agreed to sell our own capital $ 1.5 billion and take to a balance of $ 1 billion.
The contract puts TMTG in a competition with the growing stable of Bitcoin accumulation campaign, which act as a substitute for investing in Bitcoin, without having to deal with crypto. Theoretically, as the price of Bitcoins increases, as well as the price of shares of companies with huge Bitcoin treasures.
“We consider bitcoins as an apex instrument of financial freedom, and now Trump Media will keep cryptocurrency as a key part of our assets,” he said that the general director of TMTG Devin Nunes in a statement-“This is a big step forward in the company’s plans to transform into a holding company by obtaining additional generations of profit, Crown Jewel in accordance with the first rules. America. “
TMTG’s crypto embracing is a compact part of a more complicated image: over the past year Trump and his family went to almost every segment of the cryptocurrency market, despite the chorus of complaints related to the alleged abuse of office and conflicts of interest.
In January, in the days preceding the inauguration, Trump and his wife Melania spent their own cryptographic coins, adding billions of dollars to their paper value. In the same month, TMTG announced premiere True.fi, his novel FINTECH branch that soon took place With cryptographic exchange Crypto.com in order to offer the audience investment products related to cryptocurrency. Meanwhile, the sons of President Eric Trump and Donald Trump Jr. They promoted a separate cryptographic service company, World Liberty Financial, and recently founded Bitcoin, American Bitcoin mining activities.
Cryptographic projects related to the Trump family collected hundreds of millions of dollars – partly by Selling cryptographic coins for public investing, and partly by acquiring assets in Offers limit business partners.
“I looked at some of Donald Trump’s projects in time,” he is justifying marketing and the built-in audience in exchange for relatively high knowledge, “says Austin Campbell, professor assistant professor in NYU Stern School of Business and the Zero Partner Managing Partner. “American Bitcoin is literally this textbook.”
Eric Trump in May announced Plans to take American bitcoins in public. Like TMTG, the company intends to calculate a huge Bitcoin treasure and turn into Bitcoin accumulation campaigns. “Our vision of American Bitcoin is to create the most invested Bitcoin accumulation platform on the market,” he said when he announced the plan.