TechFlow news, May 26 — According to the Financial Times, Trump Media and Technology Group (TMTG), controlled by the Trump family, plans to raise $3 billion to purchase cryptocurrencies such as bitcoin. The company aims to achieve this through $2 billion in equity financing and $1 billion in convertible bonds, the Financial Times reported. This move resembles MicroStrategy's investment strategy, which propelled its market value above $100 billion through large-scale bitcoin purchases. The plan could be announced ahead of the Las Vegas cryptocurrency conference, which will be attended by members of the Trump family and senior government officials. The Trump administration has clearly expressed support for cryptocurrency development, with the president himself vowing to make the U.S. the "global capital of cryptocurrency."
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