Trump Media & Technology Group, which is behind the Truth Social app and controlled by the president’s family, aims to raise $2bn in fresh equity and another $1bn via a convertible bond, according to six people briefed on the matter.
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Trump media group plans to raise $3bn to spend on cryptocurrencies
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Financial Times reported that Trump Media & Technology Group planed to raise $3 billion to invest in crypto through a $2 billion equity issuance and $1 billion in convertible bonds, with the equity expected to be sold at the May 23 closing market price
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