President Trump’s media company plans to raise $2.5 billion through a private placement with institutional investors to establish a bitcoin treasury. This involves $1.5 billion in common shares and $1 billion in convertible senior notes. CEO Devin Nunes stated that the funds would help combat financial discrimination faced by the company. This strategy mirrors efforts by other firms, like MicroStrategy, to build up cryptocurrency reserves. Interestingly, Trump has evolved his opinion on cryptocurrencies, once critical, he now embraces the idea amid his 2024 election campaign activities.
This investment will help defend our Company against harassment and discrimination by financial institutions, which plague many Americans and U.S. firms.
Trump has shifted his views on cryptocurrency, having previously referred to it as 'not money', citing volatility and a value 'based on thin air'.
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