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Trump Media to raise $3 billion to spend on cryptocurrencies

The company that runs the Truth Social streaming and social media platform aims to raise $2 billion in fresh equity and $1 billion more through a convertible bond, the report said

U.S. President Donald Trump’s social media firm, Trump Media & Technology Group, plans to raise about $3 billion to spend on cryptocurrencies such as bitcoin, the Financial Times reported on Monday, citing people familiar with the matter.

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