The company refutes Financial Times report on intentions to raise funds for Bitcoin and other crypto investments, causing fluctuations in its stock price.
Trump Media Group, operator of Truth Social, has denied plans to raise $3 billion for cryptocurrency investments, contradicting a Financial Times report. The company's stock initially rose nearly 8% following the news but later stabilized after the official denial. This development follows recent scrutiny of Trump's expanding crypto ventures, including NFTs and memecoins.