Trump Media & Technology Group Corp (NASDAQ:DJT), the company behind Truth Social and controlled by the Trump family, is seeking to raise $3 billion to invest in cryptocurrencies such as bitcoin, the Financial Times reported on Monday. The company plans to raise $2 billion through an equity offering and another $1 billion via a convertible bond, the report said.
The Supreme Court granted a request by Venezuelan nationals seeking to block their removal from the United States under the Alien Enemies Act. President Donald Trump said the court "WON'T ALLOW US TO GET CRIMINALS OUT OF OUR COUNTRY!
The company wants to “expand robustly throughout the America First economy.”
President Trump's media company narrowed its loss in the first quarter and said its cash on hand should provide it with the necessary runway to tackle its expansion plans.
Donald Trump has posted an AI-generated image of himself dressed in papal regalia on his Truth Social platform - just 11 days after the death of Pope Francis.
Shares of Trump Media (DJT 10.74%) are seeing big gains in Thursday's trading. The stock price was up 11.3% as of 3:30 p.m.
On April 17, Trump Media & Technology Group warned the Securities and Exchange Commission (SEC) that its Trump Media stock (NASDAQ: DJT) might be being manipulated.
Trump Media & Technology Group, the company behind Truth Social, said the allegedly suspicious trading activity is tied to a U.K.-based hedge fund named Qube Research & Technologies.
A hedge fund disclosed a net short position in Trump Media & Technology Group. QRT's bet represents 2.5% of the Truth Social owner's outstanding shares, valued at $105 million.
The London-based global quantitative investment management company Qube Research & Technologies unveiled a massive $105 million short position against Trump Media (NASDAQ: DJT) in the German Federal Gazette.
Hedge fund Qube Research & Technologies unveiled a roughly $105 million short position against shares in Trump Media & Technology Group on Monday, according to a filing with Germany's federal Gazette Bundesanzeiger.
After repeating the common wisdom about ‘dips' being excellent buying opportunities earlier in April, President Donald Trump took to social media on Wednesday to recommend his followers purchase Trump Media (NASDAQ: DJT) stock.