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MainNewsTruth Social...

Truth Social Parent TMTG Makes $2.5 Billion Bitcoin Bet, Signaling Major Fintech Push


by Izabela Anna
for CoinEdition
Trump Media and Technology Group (TMTG) logo with Bitcoin symbols, representing its $2.5B Bitcoin treasury reserve and crypto strategy.
  • TMTG’s $2.5B Bitcoin reserve marks a bold shift from media to fintech ambitions.
  • Convertible notes at 35% premium highlight TMTG’s aggressive crypto capital strategy.
  • Regulatory scrutiny intensifies amid Trump-linked ETFs and expanding crypto ventures.

Trump Media and Technology Group (TMTG), the parent company of Truth Social, is making a bold entry into the cryptocurrency market. The company has announced a $2.5 billion strategy to establish a Bitcoin treasury reserve. 

This plan signals a major strategic shift for the media company as it looks to diversify its operations beyond social media and streaming services. Given that U.S. President Donald Trump is closely linked with the brand, this initiative brings a decidedly high-profile element to TMTG’s financial ambitions.

The company plans to raise the capital through two primary channels. It will sell $1.5 billion in new stock based on its most recent closing price. Additionally, it will issue $1 billion in convertible notes at a 35% premium. 

Once these funds are secured, they will be allocated to purchasing Bitcoin (BTC). This Bitcoin will then augment TMTG’s existing $759 million held in cash …

The post Truth Social Parent TMTG Makes $2.5 Billion Bitcoin Bet, Signaling Major Fintech Push appeared first on Coin Edition.

Read the article at CoinEdition

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MainNewsTruth Social...

Truth Social Parent TMTG Makes $2.5 Billion Bitcoin Bet, Signaling Major Fintech Push


by Izabela Anna
for CoinEdition
Trump Media and Technology Group (TMTG) logo with Bitcoin symbols, representing its $2.5B Bitcoin treasury reserve and crypto strategy.
  • TMTG’s $2.5B Bitcoin reserve marks a bold shift from media to fintech ambitions.
  • Convertible notes at 35% premium highlight TMTG’s aggressive crypto capital strategy.
  • Regulatory scrutiny intensifies amid Trump-linked ETFs and expanding crypto ventures.

Trump Media and Technology Group (TMTG), the parent company of Truth Social, is making a bold entry into the cryptocurrency market. The company has announced a $2.5 billion strategy to establish a Bitcoin treasury reserve. 

This plan signals a major strategic shift for the media company as it looks to diversify its operations beyond social media and streaming services. Given that U.S. President Donald Trump is closely linked with the brand, this initiative brings a decidedly high-profile element to TMTG’s financial ambitions.

The company plans to raise the capital through two primary channels. It will sell $1.5 billion in new stock based on its most recent closing price. Additionally, it will issue $1 billion in convertible notes at a 35% premium. 

Once these funds are secured, they will be allocated to purchasing Bitcoin (BTC). This Bitcoin will then augment TMTG’s existing $759 million held in cash …

The post Truth Social Parent TMTG Makes $2.5 Billion Bitcoin Bet, Signaling Major Fintech Push appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Why the Crypto Market is Down Today: Trade Fears, Liquidations, and Technical Weakness

Why the Crypto Market is Down Today: Trade Fears, Liquidations, and Technical Weakness

The cryptocurrency market experienced a notable dip on May 29, driven by a mix of geo...
Bitcoin with a Safety Net: Cantor Fitzgerald’s Gold-Powered Investment Fund

Bitcoin with a Safety Net: Cantor Fitzgerald’s Gold-Powered Investment Fund

Cantor Fitzgerald Asset Management (CFAM) has revealed it would launch the Cantor Fit...