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Media and Entertainment
Source: (remove) : CoinTelegraph
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Trump Media Group denies it's raising $3B for crypto buys: Report


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Published in Media and Entertainment on Tuesday, May 27th 2025 at 5:24 GMT by CoinTelegraph   Print publication without navigation

  • 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 ]

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