Donald Trump, accustomed to unleashing attacks against the media, is making headlines again

This time, it's his business group, Trump Media & Technology Group (TMTG), that finds itself at the center of controversy.

Donald Trump, known for his outspokenness against the media, is again making headlines. This time, it’s his business group, Trump Media & Technology Group (TMTG), that is at the center of the story. Financial Times and Reuters have come under criticism for a report claiming that TMTG was planning to raise $3 billion to buy bitcoin and other cryptocurrencies. Trump Media has firmly denied these allegations.

Trump Media: a contested bitcoin fundraising

Financial Times had announced a $3 billion fundraising to buy bitcoin. This information sparked strong interest but also controversies. Trump Media reportedly denied these plans, calling the report a “pure invention” and the journalists “dumb writers”. This denial remains conditional as official sources are absent.

This fundraising, had it occurred, would have placed Trump Media alongside major players using bitcoin as a reserve asset, such as Strategy. These crypto companies justify using BTC as a hedge against inflation and to avoid the risk of becoming a “zombie company”.

The price of Trump Media stock was $25.72 on May 23, with a valuation of $5.7 billion.

While a tweet from Bitcoin For Corporations reminded:

This situation clearly illustrates the rise of crypto in institutional portfolios, at the heart of major economic stakes.

Challenges: Between financial strategies and crypto regulations

The fundraising would have strengthened Trump Media’s position in a rapidly expanding crypto market. The context features an institutional rush towards bitcoin. For example, Strategy recently purchased over 4,000 bitcoins for $427 million, increasing its reserves to over 580,000 BTC.

Here are some key figures to consider:

Meanwhile, authorities are strengthening oversight on crypto, particularly around issues of transparency and conflicts of interest, while Trump is already involved in several controversial crypto projects, such as memecoins and stablecoins. These tensions illustrate a sector at a crossroads, between innovation and increased regulation.

This information leak could be bad timing. Nevertheless, speculating on Trump preparing is not taboo: indeed, he could change the game this summer in the crypto industry. A summer that promises to be crucial for the future of regulation and the adoption of cryptocurrencies.

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La révolution blockchain et crypto est en marche ! Et le jour où les impacts se feront ressentir sur l'économie la plus vulnérable de ce Monde, contre toute espérance, je dirai que j'y étais pour quelque chose