Trump Media Plans to Raise $3 Billion for Cryptocurrency Investments
TL;DR Summary
President Donald Trump's control of Trump Media & Technology Group is weakening as the company plans to issue new stock and convertible notes to invest in Bitcoin, diluting his family's stake below 50% and risking loss of control over the social network.
- Trump to Lose Majority Stake In DJT Over Bitcoin Play Barron's
- Trump Media Raises Money to Buy $2.5 Billion in Bitcoin The New York Times
- DJT shares fall 10% as Trump Media says it's raising $2.5 billion to buy bitcoin CNBC
- Trump media group plans to raise $3bn to spend on cryptocurrencies Financial Times
- Trump Media to raise $3 billion to spend on cryptocurrencies, FT reports Reuters
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