Trump Media Denies Reports of a $3 Billion Cryptocurrency Investment Plan

On May 27, the Financial Times reported that Trump Media & Technology Group (TMTG) was planning to raise $3 billion for cryptocurrency investments, citing six anonymous sources and outlining a fundraising strategy involving $2 billion in equity and $1 billion in convertible bonds. However, TMTG quickly denied the report, stating that 'the Financial Times' journalists are reporting based on incorrect information.' The company has refrained from further comments, leaving the veracity of the claims unclear. According to the report, TMTG had planned a strategy similar to other major cryptocurrency investments...