Donald Trump’s Media Conglomerate Is Becoming a Bitcoin Reserve

Trump media and Group Technology, a public circulating company in which Donald Trump and his family have collected the majority share, $ 2.5 billion to collect the “Bitcoin Treasury”.

On Monday, in response to a report issued by Financial Times, TMTG initially denied thinking about any such maneuver. The company said: “The times of the Financial Times has a stupid book listening to the sources of the door,” the company said. But the Trump group seems to have changed its melody.

In a press release on Tuesday, TMTG confirmed that it had agreed to sell royal rights worth $ 1.5 billion and take another billion dollars of debt – and plans to use returns to add huge amounts of bitcoin to its public budget.

The deal places TMTG in the competition with an increased bitcoin accumulation shares, which act as an alternative to species to invest in bitcoin, without investors forced to deal with encryption themselves. In theory, with the high price of bitcoin and decreases, the price of the share of companies with a large bitcoin.

“We consider Bitcoin as Apex Financial Freedom, and now the media in the encrypted currency will be held as a decisive part of our assets,” TMTG CEO Divin Nunez said in a statement. ))

TMTG encryption is a small part of a more detailed image: last year, Trump and his family in every segment of the encryption market were formulated almost, despite a set of complaints related to alleged violations of the office and conflicts of interests.

In January, in the days leading up to the opening, Trump and his wife, Melania, issued their own encryption currency, adding billions of dollars to its pure net. In the same month, TMTG announced the launch of Truth.fi, the new Fintech section, which was later subscribed short with Crypto Excination Crypto.com with the aim of providing investment products related to encryption to the public. Meanwhile, the sons of president Eric Trump and Donald Trump Junior upgraded a separate encryption services, the global Liberty Financial, and recently established the Bitcoin Mining Company, American Bitcoin.

Crypto projects associated with the Trump family have collected hundreds of millions of dollars – anxious by selling encryption currencies to the invested and partly audience by obtaining assets in cut deals with business partners.

“Look back on some of Donald Trump’s projects over time … it mainly brings marketing and the integrated audience against a relatively large reduction,” says Austin Campbell, Assistant Professor at the New York University Business University and Management partner at Crypto Consultance Zero Knowledge. “The American Bitcoin is literally this book.”

In May, Eric Trump announced plans to take the American bitcoin. Like TMTG, the company plans to accumulate a large Bitcoin treasury and convert itself into bitcoin accumulation stocks. He said when he announced the plan: “Our vision of the American Bitcoin is to create an investment bitcoin accumulation platform in the market.”