Editor's PiCK
"Trump Media Plans to Raise 4 Trillion Won for Investment in Bitcoin (BTC) and Other Virtual Assets"
Summary
- It was reported that Trump Media & Technology Group plans to raise about 4 trillion won for investment in virtual assets such as Bitcoin.
- These funds will be raised through new stocks and convertible bonds and are anticipated to be used for digital asset investment.
- However, Trump Media denied this as a baseless article.
On the 26th (local time), the Financial Times (FT) reported that Trump Media & Technology Group (TMTG) plans to raise approximately $3 billion (about 4.1 trillion won) for large-scale investment in virtual assets (cryptocurrencies) such as Bitcoin (BTC).
According to the media, TMTG aims to secure $2 billion through new stock issuance and the remaining $1 billion through the issuance of convertible bonds.
It is anticipated that these funds could be used as initial capital for investment in digital assets such as Bitcoin.
FT reported that this plan might be formalized ahead of the 'Bitcoin Conference 2025' to be held in Las Vegas, USA, this week, but the company has completely denied this.
Trump Media strongly criticized the report immediately after the FT article, calling it an "article based on foolish information," and officially denied the related content.
Meanwhile, a White House spokesperson declined to comment.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
