Trump Media Plans to Raise $2.5 Billion for Bitcoin Investments
Trump Media has announced its ambitious plan to raise $2.5 billion aimed at purchasing Bitcoin and establishing a company Bitcoin treasury. Despite the promising strategy, shares of the media company, associated with Donald Trump, have experienced a decline of 10% as investors react to the news. The media group is reportedly seeking additional capital, with plans to raise up to $3 billion to further invest in cryptocurrencies. Amidst conflicting reports about their financial strategies, Trump Media emphasizes that funds will be raised through share purchases to solidify their position in the cryptocurrency market.
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