Summary
- Trump Media & Technology Group stated that the report of their plan to invest up to $3 billion in purchasing cryptocurrencies like Bitcoin is baseless.
- Trump Media strongly criticized the media and journalists who reported the claim.
- The Financial Times reported plans to raise funds through the issuance of $2 billion in new shares and $1 billion in convertible bonds.
Donald Trump's family-owned Trump Media & Technology Group (TMTG) reportedly plans to invest up to $3 billion (approximately 4.108 trillion KRW) in purchasing cryptocurrencies like Bitcoin. However, an official statement has declared this claim as baseless.
According to Cointelegraph on the 26th (local time), Trump Media & Technology Group stated that the Financial Times (FT) report on their $3 billion investment in cryptocurrencies is "baseless." They further criticized, saying, "The journalists who wrote the article are stupid. The sources they relied on are even stupider."
Previously, the Financial Times reported, citing informed sources, that Trump Media planned to raise funds for cryptocurrency investment through the issuance of $2 billion in new shares and $1 billion in convertible bonds.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
