Trump Media Technology Group called the Financial Times reports fake news and attacked the writers as dumb. The company denied plans to raise $3 billion for cryptocurrency investments just hours before announcing that it would do exactly that. The Financial Times reported that Trump Media sought $2 billion through stock sales and $1 billion via convertible notes. Company officials slammed both the Financial Times and Reuters as fake news outlets spreading lies. The harsh response came after reporters tried to confirm the capital raising story.
Trump Media announced subscription deals with 50 institutional investors one day after the denials. The company will raise $1.5 billion by selling common stock and an additional $1 billion through convertible notes. Officials expect to close the offering May 29 with total proceeds reaching $2.5 billion. The money will create a Bitcoin treasury as part of a strategic acquisition fund. Company leaders plan to explore partnerships and mergers with participants in the America First Economy.
Trump Media board members approved $250 million for customized investment products under Truth.Fi brand during January. The company launched Truth.Fi services during April with partners Yorkville America Equities and Index Technologies Group. Asset management services target specific investment themes for customers. The board had previously authorized acquisitions and partnerships that supported conservative business values. The company's strategy focuses on providing alternative financial services to its political supporters.
Trump Media announced subscription deals with 50 institutional investors one day after the denials. The company will raise $1.5 billion by selling common stock and an additional $1 billion through convertible notes. Officials expect to close the offering May 29 with total proceeds reaching $2.5 billion. The money will create a Bitcoin treasury as part of a strategic acquisition fund. Company leaders plan to explore partnerships and mergers with participants in the America First Economy.
Trump Media board members approved $250 million for customized investment products under Truth.Fi brand during January. The company launched Truth.Fi services during April with partners Yorkville America Equities and Index Technologies Group. Asset management services target specific investment themes for customers. The board had previously authorized acquisitions and partnerships that supported conservative business values. The company's strategy focuses on providing alternative financial services to its political supporters.
