Trump Media & Technology Group, the parent company of Truth Social, said Tuesday that it would raise $2.5B from institutional investors to invest in Bitcoin.
$DJT is down 10% on news it will raise $2.5 billion to buy Bitcoin. Maybe the markets don't have the appetite for yet another Bitcoin treasury company. Also, how can Trump's company front-run the Strategic Bitcoin Reserve, using taxpayers' dollars to pump up what he bought first?
— Peter Schiff (@PeterSchiff) May 27, 2025
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