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Trump Media and Technology Group (TMTG) is reportedly planning a $3 billion fundraising effort to invest heavily in Bitcoin and other cryptocurrencies. The move could position TMTG among the largest corporate holders of BTC globally. The company may announce the plan at a high-profile crypto event in Las Vegas.
- TMTG's $3B fundraising includes $2B in equity sales and $1B in convertible bonds, with half earmarked for Bitcoin purchases.
- The investment would make TMTG the 7th largest corporate Bitcoin holder, following MicroStrategy's accumulation strategy.
- TMTG is expanding its crypto footprint with planned ETFs, a digital wallet, and involvement with the TRUMP memecoin.
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