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Trump Media's $2.5 Billion Bet on Cryptocurrency Amid Financial ...
2025-07-09 12:29:09
Blockchain
Companies
Finance

Trump Media's $2.5 Billion Bet on Cryptocurrency Amid Financial Struggles

Trump Media & Technology Group is pivoting towards the cryptocurrency sector as its social media platform, Truth Social, faces financial challenges. With a substantial $2.5 billion raised for Bitcoin investments, the company is set to launch a 'Truth Social Crypto Blue Chip' ETF, heavily weighted towards major cryptocurrencies.

This move, alongside a $220 million funding round for American Bitcoin, which aims to tap into Bitcoin mining, underscores the Trump's family growing interest in crypto ventures. Recent interactions with cryptocurrency executives indicate a shift in Trump's stance, suggesting a newfound support for the industry.

As the political and financial landscapes evolve, Trump's embrace of cryptocurrency may signal a significant trend in the intersection of politics and digital finance.

The press radar on this topic:

The Street
28. Juli 2025 um 12:30

Trump-linked firm raises $220M, plans for IPO launch

American Bitcoin, a cryptocurrency firm linked to President Donald Trump's family, has raised $220 million from private investors to explore Bitcoin mining. The funding includes $10 million in Bitcoin and is expected to take the company public through a merger with Gryphon Digital Mining Inc. Eric Trump endorses the company, which has sparked attention, along with his brother Donald Trump Jr.'s involvement in crypto ventures. Hut 8 Corp, the majority owner of American Bitcoin, also plans to ex..
The Street
10. Juli 2025 um 14:55

Trump's company files with SEC to launch shocking new 'blue chip' ETF

Trump's company, TMTG, has filed with the SEC to launch a new 'Truth Social Crypto Blue Chip' exchange-traded fund (ETF). The ETF will allocate its assets to Bitcoin (70%), Ethereum (15%), Solana (8%), CRO (5%), and XRP (2%), with Crypto.com as the exclusive custodian and provider. This is TMTG's third crypto ETF application, following earlier filings for a Bitcoin ETF and a Bitcoin-Ethereum ETF. The announcement led to a positive market reaction, with TMTG stock and the price of CRO cryptocur..
New York Times - Technology
9. Juli 2025 um 12:45

The ‘Trump Pump’: How Crypto Lobbying Won Over a President

Cryptocurrency executives met with former President Trump at Mar-a-Lago, seeking his support for the industry. They pitched the economic benefits of Bitcoin and asked Trump to post a supportive message on his social media platform. Surprisingly, Trump later posted the exact message proposed by the executives, signaling a shift in his stance on cryptocurrency and the industry's growing influence in Washington.
New York Times - Business
12. Juli 2025 um 02:04

As Truth Social Business Struggles, Trump Media Goes Big on Crypto

Donald Trump's social media company, Trump Media & Technology Group, is shifting its focus to the crypto industry. The company has raised $2.5 billion to invest in Bitcoin and is working on crypto-related exchange traded funds, despite its flagship platform, Truth Social, struggling to generate advertising revenue. Trump, the company's largest shareholder, has become a major crypto booster, even as Truth Social, his online megaphone, remains a consistently money-losing business since its public..
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