Trump Media Denies $3B Bitcoin Bid Claims 📰
Trump Media & Technology Group was reported by the Financial Times to be planning a $3 billion raise to purchase Bitcoin and cryptocurrencies, funded through share sales. TMTG dismissed this report, labeling the sources as uninformed. The article suggested leveraging TMTG's recent crypto initiatives, like a partnership with Crypto.com for ETFs and the launch of a fintech startup, Truth.Fi. Following previous scrutiny of Trump's crypto ties, during his campaign, he promised to elevate the U.S. as a crypto leader. Despite the claims, TMTG discredits the Financial Times report as baseless.
FAQ
❓ Did Trump Media confirm raising $3 billion for crypto?
No, Trump Media denies the claim of raising $3 billion for Bitcoin and other cryptocurrencies.
❓ What crypto-related initiatives has TMTG pursued?
TMTG has partnered on 'Made in America' ETFs with Crypto.com and launched a fintech startup, Truth.Fi, focused on crypto investments.