Summary
- Fight Fight Fight has reportedly begun raising at least $200 million to establish a digital asset strategic reserve.
- The fundraising could expand to as much as $1 billion, and it said there is a possibility of including the Trump memecoin among its assets.
- The Trump memecoin is currently about $7.6, with a market capitalization of $1.5 billion and a fully diluted valuation of $7.6 billion.
Fight Fight Fight, the issuer of the Donald Trump memecoin, has begun raising at least $200 million to establish a digital asset strategic reserve. The fundraising could expand to as much as $1 billion depending on circumstances, and the memecoin could potentially be included.
On the 8th (local time), Bloomberg reported that Fight Fight Fight aims to raise at least $200 million to establish a strategic crypto reserve company, and intends to raise up to $1 billion depending on conditions. The newly formed entity said it could hold the Trump memecoin as an asset.
The project is led by Bill Zanker, CEO of Fight Fight Fight. The Trump memecoin surged to about $44 just before the inauguration in January this year, but is currently around $7.6, with a market capitalization of about $1.5 billion and a fully diluted valuation of about $7.6 billion.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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