Well, well, well! It appears that the Trump Media Group has decided to dip its toes into the murky waters of cryptocurrency, and not just any old dip, mind you, but a full-on cannonball to the tune of a staggering $3 billion! đź’°
According to the ever-reliable Financial Times (you know, the one that’s always right—except when it’s not), this audacious venture will involve a delightful mix of $2 billion in fresh equity and a cheeky $1 billion through convertible bonds. Because why not throw in a little financial wizardry for good measure? 🧙‍♂️
Now, the report claims to have sourced this juicy tidbit from six individuals who are “familiar with the matter.” One can only wonder if these six are actually just six parrots squawking the same tune. 🦜
But wait, there’s more! The grand announcement is expected to be made at the upcoming Bitcoin 2025 conference in Las Vegas. Because nothing says “serious investment” quite like a conference in Sin City, right? 🎰
As if that weren’t enough to tickle your fancy, it seems that more and more US-based companies are jumping on the digital asset bandwagon. Most notably, Strategy has just splurged on another $427 million worth of BTC. With that, they now hold a jaw-dropping 580,000 BTC, which translates to paper profits that are positively stratospheric—upwards of $23 billion! Talk about a golden goose! 🥚
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2025-05-26 20:57