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📅 July 3, 7:00 – July 9,
#Trump Group’s Bitcoin Treasury# Trump Media & Technology Group is diving deeper into cryptocurrencies with a $2.5 billion investment in Bitcoin, aiming to strengthen its presence in the financial sector.
The company is raising funds through the sale of shares worth $1.5 billion and convertible bonds worth $1 billion, with Anchorage Digital as the trustee.
CEO Devin Nunes called Bitcoin a symbol of "financial freedom," equating this step with the company's "America First" strategy. The investment is part of a broader plan to launch crypto and ETF products tailored for retail investors.
Although Trump Media's shares fell by 6% following the news, the company continues to expand its presence in the crypto sector, adding to its previous ventures NFTs, meme coins, and a stake in the BTC miner American Bitcoin.
The aggressive pressure attracted the attention of regulators, with Senator Elizabeth Warren questioning the oversight of Trump-related ETFs.
With over $750 million on its balance sheet, Trump Media has positioned itself as a politically engaged player in the crypto-financial arena.