Trump Media and Technology Group, a publicly traded company in which US president Donald Trump and his family own a majority stake, has raised $2.5 billion to accumulate a “bitcoin treasury.”
On Monday, in response to a report by the Financial Times, TMTG initially denied contemplating any such maneuver. “The Financial Times has dumb writers listening to even dumber sources,” the company reportedly said. But Trump Media and Technology Group appears to have since changed its tune.
In a press release on Tuesday, TMTG confirmed that it has agreed to sell $1.5 billion worth of equity and take on a further $1 billion in debt—and
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