Trump’s media company says it’s buying $2.5 billion in Bitcoin

President Donald Trump’s new media company could buy $2.5bn of bitcoin, Trump Media announced.
The company, which operates Truth Social, is working with 50 institutional investors to issue $1.5 bninn e w s ha res an d$ 1bn in convertible debt.
Crypto.com and the crypto banking platform Anchorage Digital will provide custody services for the bitcoin.
This latest move deepens Trump’s ties with the cryptocurrency industry.
His administration has also softened the US government’s stance on industry misconduct, dropping several regulatory lawsuits and investigations involving crypto firms including Coinbase, Kraken and Robinhood.
Trump also invited the largest buyers of his $TRUMP memecoin to dinner last week.

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