Donald Trump’s media bloc has become a backup of Bitcoin

Trump media and Group Technology, a public circulating company in which Donald Trump and his family have collected the majority share, $ 2.5 billion to collect the “Bitcoin Treasury”.

On Monday, in response to a report Through the Times, TMTG initially denied thinking about any such maneuver. The company said: “The times of the Financial Times has a stupid book listening to the sources of the door.” But the Trump group seems to have changed its melody.

in press release On Tuesday, TMTG confirmed that it had agreed to sell royal rights worth $ 1.5 billion and take another billion dollars of debt – and plans to use revenues to add huge amounts of bitcoin to its public budget.

The deal is placed in competition with an increased bitcoin accumulation shares, which act as an alternative to investment in Bitcoin, without investors having to do so Dealing with encryption themselves. In theory, with the high price of bitcoin and decreases, the price of the share of companies with a large bitcoin.

“We consider Bitcoin as Apex Financial Freedom, and now the media in the encrypted currency will be held as a decisive part of our assets,” TMTG CEO Divin Nunez said in a statement. ))

TMTG encryption is a small part of a more detailed image: During the past year, Trump and his family fled almost every sector of the encryption market, despite a set of complaints related to alleged complaints Office violations and Conflict.

In January, in the days before the opening, Trump and his wife Melania are both They released their own encryption currenciesAdd billions of dollars to a net net value. In the same month, TMTG announced release the truth With the exchange of encryption Crypto.com with the aim of providing investment products related to encryption to the public. Meanwhile, the sons of President Eric Trump and Donald Trump Junior promoted The world is financial freedomAnd recently established Bitcoin Mining Company, American Bitcoin.

The encryption projects related to the Trump family have raised hundreds of millions of dollars – brilliantly Selling encryption currencies The audience is invested and partly by obtaining assets in Cutting deals with business partners.

“Look back on some of Donald Trump’s projects over time … it mainly brings marketing and the integrated audience against a relatively large reduction,” says Austin Campbell, Assistant Professor at the New York University Business University and Management partner at Crypto Consultance Zero Knowledge. “The American Bitcoin is literally this book.”

In May, Eric Trump Declare Plans to take the American bitcoin. Like TMTG, the company plans to accumulate a large Bitcoin treasury and convert itself into bitcoin accumulation stocks. He said when he announced the plan: “Our vision of the American Bitcoin is to create an investment bitcoin accumulation platform in the market.”