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Trump Media and Technology Group denied a financial time report that he plans to raise $ 3 billion to buy Bitcoin and other cryptos, slamming his “stupid writers by listening to even more bustling sources”.
It's after the newspaper reported On May 26, the company sought to remove capital thanks to a mixture of equity and convertible obligations, citing six people affirmed by the point of sale.
FT said Trump Media is increasing $ 2 billion in equity, $ 1 billion in convertible bonds
According to the report, Asset The media planned to issue $ 2 billion in equity and $ 1 billion in convertible bonds for the total increase of $ 3 billion.
Equity should be sold at market prices at the closing price of Trump Media (DJT) shares on May 23. During the negotiation session, the company's shares jumped more than 4% to close the day to $ 25.72, pushing the company's market capitalization to $ 5.7 billion, according to Google Finance data.
If Trump Media had noted the capital and bought Bitcoin and Crypto as the Times financial report said that the company would have joined the growing number of public enterprises that added BTC to their reserves. Currently, the strategy opens the way to its assets of 576,230 BTC, according to Bitcointheries.
Trump's cryptography involvement being examined
If Trump Media had indeed bought Bitcoin, it would have led to even more control over the family of the involvement of US President Donald Trump in the crypto.
It was after Trump himself organized a VIP dinner for the 220 best holders of his room even Trump. Senator Elizabeth Warren Called the event an “orgy of corruption”.
Honored to be at the Crypto Trump dinner with @GettrumpMeMes
Go be a good night! pic.twitter.com/h4fbzbtxkf
– Jack (@ 0xleoinrio) May 22, 2025
Several legislators have also raised concerns about conflict of potential interests concerning Trump's cryptographic businesses, saying that they could benefit from its ability to influence the regulation of cryptography.
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