Now applied Bitcoin (BTC) capital

The Trump Media and Technology Group (TMTG), the company, which belongs to the Truth Platform of US President Donald Trump and which is partly owned by the president, confirmed a capital increase of $ 2.5 billion for the purchase of Bitcoin (BTC) after the group denied previous reports about such a business.

Like the company on May 27th announcedthe capital increase includes the sale of shares worth $ 1.5 billion and from primarily secured convertible bonds worth $ 1 billion with an interest rate of 0 %. The sale is expected to be completed on May 29. TMTG CEO Devin Nunes said:

“We consider Bitcoin as a top instrument for financial freedom, and now Trump Media will keep cryptocurrencies as a decisive part of our assets. This investment will help protect our company against harassment and discrimination against financial institutions.”

Spokesman for the TMTG reacted to the first Message The Financial Times, which was published one day before this announcement, with ridicule.

“Apparently, the Financial Times has stupid editors who listen to even more stupid sources,” said TMTG representative to the FT.

After the announcement, the shares of TMTG fell by more than 12 % and were $ 23.60 at the time of publication.

More and more companies and countries are currently relying on a Bitcoin streaming strategy, since the digital asset provides a financial instrument of geopolitical importance.

Bitcoin treasury companies continue buying

Several Bitcoin treasury companies increased their stocks in May this year, Including Michael Saylors Below Strategy. Sea SaylorTracker The company acquired another 4,020 BTC on May 26.

The technology company Semler Scientific acquired 455 BTC worth over $ 50 million for its balance sheet, as the company announced on May 23.

The investment company Metaplanet, which is considered by investors as Japan's microstrategy, acquired On May 19, another 1,004 BTC.