Trump Media & Technology Plans to Raise $2.5B to Buy Bitcoin
Headline from Investopedia
Shares in Trump Media & Technology Group tumbled Tuesday as the company behind President Donald Trump's Truth Social app said it is planning to raise $2.5 billion to buy bitcoin.
Investopedia's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
Shares in Trump Media & Technology Group tumbled Tuesday as the company behind President Donald Trump's Truth Social app said it is planning to raise $2.5 billion to buy bitcoin.
Trump Media's $2.5 billion bitcoin treasury deal marks a strategic move to safeguard assets and align with "America First principles," says CEO Devin Nunes.
Shares in Trump Media & Technology Group are soaring in premarket trading Tuesday on a report that the company behind President Donald Trump's Truth Social app is planning to raise $3 billion to buy cryptocurrencies such as bitcoin.