Trump’s $3B Crypto Adventure: Is It a Genius Move or Just a Meme?

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So, here we are, folks! Trump Media and Technology Group, the brainchild behind the oh-so-controversial Truth Social platform, is gearing up to raise a whopping $3 billion! Yes, you heard that right—$3 billion! And what’s the plan? To dive headfirst into the wild world of Bitcoin and other cryptocurrencies, of course! Because why not? 💸

They’re planning to issue $2 billion in equity and $1 billion in convertible bonds. Sounds fancy, right? Convertible bonds are like those magic beans that can turn into equity later. But hold your horses! The amount might change, because, you know, it’s all very fluid and exciting! 🐴

Now, let’s talk numbers. The equity is expected to be sold at market price as of May 23, when the share price was a dazzling $25.72, which is a 4.6% increase. Not too shabby for a company that’s worth $5.7 billion! Talk about a glow-up! ✨

In a move that’s as bold as a red tie, Trump Media is following in the footsteps of other crypto trailblazers like Strategy and Metaplanet. They’re betting on Bitcoin (BTC) to avoid becoming “zombie companies.” Because who wants to be a zombie when you can be a crypto millionaire? 🧟‍♂️💰

Trump’s Crypto Empire Under the Microscope!

But wait, there’s more! This move might just put the Trump family’s crypto ventures under a magnifying glass. Democratic lawmakers are not thrilled about the Trump family’s crypto dealings, staging protests against the memecoin dinner Trump hosted on May 22. Because nothing says “I care” like a protest over dinner! 🍽️✊

Let’s not forget Trump’s crypto connections, which include non-fungible token collections, the Official Trump (TRUMP) and Melania (MELANIA) memecoins, and a dollar-pegged stablecoin. Critics are raising eyebrows, claiming there’s a conflict of interest. I mean, who wouldn’t want to profit from an industry they’re influencing? It’s like being the referee in a game you’re playing! ⚽💼

And just to spice things up, Trump has transferred his 53% share in Trump Media and Technology to a revocable trust managed by none other than Donald Trump Jr. Because family business is the best business, right? 🤦‍♀️

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2025-05-26 22:38