Trump’s crypto love is not new, we all have seen the frenzy that went around WLFI and USD1 a few days back. However, it was just the start. Trump plans to take crypto deeper. In the latest move, Trump Media & Technology Group announced its plan to raise almost USD 2.5 Billion. They aim to create a Bitcoin treasury with it. If they do execute this plan in action, then, they will be positioned as the largest corporate holder of Bitcoin. This move is a perfect highlight of how digital assets, business strategy, and politics are entwined in the U.S.
The deal structure is designed in such a way that it includes two core components. The first is that USD 1.5 Billion will be raised through selling common stocks at market price and remaining USD 1 Billion in special bonds that can be converted to shares and can be sold at a 35% premium without paying any interest.
While speaking about the project CEO Devin Nunes supported this move stating that it aligns with TMTG’s mission to promote financial freedom. He also said that this reserve will act as a shield against possible bank discrimination. He further added that by doing this TMTG will be able to keep up with the changing world of digital finance.
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