COINOTAG News reported on May 27th that Trump Media & Technology Group, which oversees the Truth Social platform founded by former U.S. President Donald Trump, has categorically denied rumors regarding a strategic move to raise $3 billion. Initial claims, originating from the Financial Times, suggested the conglomerate intended to finance this ambitious endeavor through a combination of stocks and convertible bonds aimed at investing in Bitcoin and various other cryptocurrencies. However, in a striking rebuttal, Trump Media asserted, “Clearly, the Financial Times reporter is dumb and believed even dumber sources.” This assertion highlights the volatility and speculation often pervasive in the cryptocurrency market, underscoring the importance of due diligence when evaluating investment opportunities and news surrounding this evolving sector.
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