Reported 4 days ago
Trump Media and Technology Group (TMTG) announced its plan to establish a $2.5 billion Bitcoin treasury, making it the third-largest corporate holder of Bitcoin. The company aims to fund the purchase through $1.5 billion in stock offerings and $1 billion in debt financing from institutional investors. This strategic move highlights TMTG's view of Bitcoin as a crucial asset for financial diversification and inflation hedging, following a previous report of a larger investment that it denied. TMTG also has plans to broaden its engagement in the crypto sector.
Source: YAHOO