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Trump Media Group denies it's raising $3B for crypto buys: Report

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
Trump Media and Technology Group has rebuffed a report that it's planning to raise $3 billion to purchase Bitcoin and other cryptocurrencies.
Donald Trump's media company, Trump Media & Technology Group (TMTG), is reportedly planning to raise $3 billion through a private placement to potentially acquire Bitcoin and other cryptocurrencies, according to a document seen by Cointelegraph. The funds would be used to expand TMTG's operations, including its social media platform Truth Social, and to invest in digital assets. The document suggests that TMTG aims to become a major player in the cryptocurrency space, leveraging Trump's influence to drive adoption and growth. However, the plans are still in the early stages, and it remains to be seen how they will be executed and received by the market.

Read the Full CoinTelegraph Article at:
[ https://cointelegraph.com/news/trump-media-group-raise-3b-buy-bitcoin-crypto ]