Trump: $3 billion maneuver in Bitcoin | Bitcoinist.com

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure According to the latest rumors, the company behind Truth Social, Trump Media & Technology Group (TMTG), is reportedly conducting a fundraising of nearly 3 billion dollars to invest in crypto, mainly in Bitcoin. This is revealed by the Financial Times, which outlines a scenario where 1 billion dollars would be raised through convertible bonds and the remaining 2 billion in equity.

TMTG shouts about fake news

The reaction from Trump Media was almost immediate, as it responded to these rumors by labeling outlets like the Financial Times and Reuters as purveyors of fake news.

It is interesting to note that at the moment, there has been no comment from the White House regarding this. Meanwhile, funds and acquisitions are being explored by the company with the aim of delving into the fintech reality.

It is also curious to note that only during the month just ended, Trump Media signed an agreement for a new line of retail financial products, including ETFs, to be launched on the market. A move that continues along the lines of the "America First" vision carried out by Donald Trump.

Dinner with Profit

This news comes just a few days after a very exclusive dinner hosted by Trump at his golf club near Washington. But who were the diners? Almost 220 of the main investors in $TRUMP, the meme coin that was born in the immediate period before Trump took office in the White House.

There have obviously been fierce controversies and harsh criticisms, the movements of the protesters have strongly protested, through some cutting slogans such as "No to Kings" and "Stop Crypto Corruption". At the end, Democratic Senator Elizabeth Warren, in a press conference, spent a few words on the dinner, describing the event as "an orgy of corruption."

The conflict of interest connecting personal investments and conflict of interest is the central theme of the matter, a knot difficult to untie and which stirs the waters of public opinion.

The crypto ecosystem in the Trump family

Net of the statements, we know that the Trump family is closely linked to the cryptocurrency market: Eric Trump and Donald Jr are involved in the new mining project in collaboration with Hut 8 which takes the name of American Bitcoin. In addition, family members are present and very active at crypto events, including one just this week featuring JD Vance as speaker and vice president.

Currently, the memecoin $TRUMP is in a declining phase, dropping by -19% and settling, net of the post-event hype, at $12.71. Diametrically opposite is the position of Bitcoin, which in the last month has enjoyed an increase of +15%, surpassing $109,400.

To close

TMTG seems to be Trump's chosen vector to create a financial machine in the $3 billion crypto market. Yet, this move raises more doubts than certainties, amid allegations of conflict of interest and corruption. The crypto market, as we know, rewards the bold and although Trump is once again confirmed as the protagonist of the scene, this time the stakes seem much higher and riskier than simple trading.

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