According to insiders, the social media company Trump Media & Technology Group, owned by U.S. President Trump, is planning to raise approximately $3 billion for investments in cryptocurrencies such as Bitcoin.
According to reports, the company plans to raise $2 billion through the issuance of new shares and refinance $1 billion through convertible bonds. The report also pointed out that the specific terms, timeline, and scale of this financing may still be subject to change.
This financing plan is expected to be officially announced before the cryptocurrency investors summit to be held this week. At that time, U.S. Vice President JD Vance, Trump’s eldest son Donald Trump Jr., second son Eric Trump, and Trump’s 'cryptocurrency czar' David Sacks will all attend the event and give speeches.
In response to a request for comments, Trump Media & Technology Group stated that the reporting media are all 'fake news media.' The company said in a statement: 'Clearly, the author of the Financial Times is very foolish, as they believed an even more foolish source of information.' The White House has not yet responded to related inquiries.
As the parent company of social media and streaming platforms, the company has actively sought business diversification and transformation in recent years, continuously exploring merger and acquisition opportunities in the financial services sector.
Last month, Trump Media & Technology Group signed a binding agreement to launch a series of retail investment products, including cryptocurrency and exchange-traded funds (ETFs) that comply with 'America First' policies. However, this strategic move has raised significant concerns from government ethics and regulatory agencies.
As a result of this news, Bitcoin rose 1.5% on Monday, marking the largest single-day volatility in nearly three trading days and achieving the biggest gain in four days. As of the time of publication, the cryptocurrency hovered around $109,500. Both Bitcoin and the U.S. stock market have significant investment value, and it is recommended that investors can invest in both Bitcoin and the U.S. stock market simultaneously, or switch investments based on timing between Bitcoin and the U.S. stock market. For example, Interactive Brokers has already obtained permission for retail customers in Hong Kong to trade virtual assets. BiyaPay has also received authorization from the U.S. Securities and Exchange Commission, allowing simultaneous investment in Bitcoin and U.S. stock assets on both Interactive Brokers and BiyaPay, enabling seamless switching between Bitcoin and U.S. stock assets on one platform.
BiyaPay has obtained financial licenses in countries such as the United States and New Zealand, selecting the best remittance channels to facilitate local remittances quickly in most countries or regions around the world, with fast delivery speeds, low fees, and no limits on amounts. $BTC
