Trump Media and Technology Group will raise about $2.5 billion (roughly Rs. 21,417 crore) to invest in Bitcoin, US President Donald Trump’s social media company said on Tuesday, as it looks to diversify its revenue. The company is raising the funds by selling $1.5 billion (roughly Rs. 12,852 crore) in stock at its last closing price and … Read more
The National Company Law Tribunal (NCLT) on Thursday allowed the merger of Zee Entertainment Enterprises and Culver Max Entertainment (earlier known as Sony Pictures Networks India). This order by the Mumbai bench, headed by H V Subba Rao and Madhu Sinha, will pave the way for the creation of a $10 billion (roughly Rs. 82,700 … Read more
Trump Media and Technology Group (DJT), the parent company of the social media platform Truth Social, is planning a $400 million share buyback program. President Donald Trump’s media firm said that the repurchase would be funded separately from and not alter its bitcoin treasury strategy. The buyback will be conducted through open market transactions, and … Read more
Trump Media and Technology Group is seeking to launch an exchange-traded fund that will invest in both Bitcoin and Ethereum, the two largest cryptocurrencies, according to a filing with the US Securities and Exchange Commission on Monday. This marks the second cryptocurrency ETF filing from the social media company associated with President Donald Trump in … Read more