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Trump Media Group plans to raise $3 billion for the purchase of Bitcoin and Crypto Assets.
According to the Financial Times, the Trump Media Group (Trump Media & Technology Group, ticker: DJT), associated with Trump, plans to raise up to $3 billion to purchase Crypto Assets. This plan includes $2 billion in new equity financing and $1 billion in convertible bond financing.
Currently, more details about this plan have not been disclosed, but the company expects to officially announce related news at the Bitcoin 2025 conference to be held soon in Las Vegas.
At this meeting, Vice President Vance, Trump's younger son Barron Trump and second son Eric Trump, as well as Trump's White House Artificial Intelligence and Crypto Assets Affairs Chief David Sacks are expected to speak.
President Trump has publicly promised to build the United States into the "global crypto assets capital," and his supportive attitude has stimulated a surge in crypto assets trading. Just last week, the price of Bitcoin first broke through the milestone of $110,000 per coin.
The recent issuance of DJT is priced at market value and will be underwritten by ClearStreet and BTIG, who are likely to serve as underwriters for this round of issuance. The stock price is anchored to last Friday's closing price of $25.72 per share, with the current total market capitalization of the company being approximately $6 billion.
It is noteworthy that, although the move by the Trump Media Group marks a further dive of the Trump family into the Crypto Assets space, it has also raised concerns about potential conflicts of interest.
Because it can not only promote the popularity and acceptance of Crypto Assets in the United States, but may also provoke more questions and discussions regarding regulation and transparency.
Does this move by the Trump Media Group indicate that Crypto Assets will be more widely integrated into the mainstream financial system? Feel free to leave your views and predictions in the comments!
#特朗普媒体集团 # Crypto Assets investment #financing plan