Last Night’s Major News from the Financial Times
Last night, the Financial Times published a significant news report claiming that Trump’s media company, Trump Media and Technology Group (TMTG), plans to raise $3 billion through the issuance of stocks and convertible corporate bonds for the purpose of purchasing Bitcoin and other cryptocurrencies. However, the company has strongly denied this news.
The Financial Times reported that six informed sources revealed TMTG plans to raise $2 billion through stock issuance and $1 billion through convertible bond issuance. The aim is to emulate the recent reserve strategies of companies like Strategy, Metaplanet, and Semler Scientific, and to enter the Bitcoin and other cryptocurrency markets.
In response to the Financial Times report, TMTG publicly denied the claims and criticized, “It seems the Financial Times has hired some foolish reporters who believe even more foolish sources.”