When it was revealed that the company would be investing in In, its stock price plummeted by more than 10%. On the 27th (local time) in the New York market, DJT's stock price fell by 10.38% to $23.05.
The market capitalization also fell to $5 billion. Earlier the day before, DJT announced that it would purchase Bitcoin by issuing $1.5 billion in stocks and $1 billion in convertible bonds.
If the Bitcoin purchase goes through as planned, it will become the second-largest publicly traded company to hold Bitcoin, after Strategy.
However, the market reaction was lukewarm, as the scale of the Bitcoin purchase was too large compared to the size of the company. DJT's annual sales last year were just $3.6 million.
This resulted in a net loss of about $400 million. In this situation, if the company were to raise $2.5 billion and invest in Bitcoin, a high-risk asset, the balance sheet of the company would be significantly larger.
This appears to have exacerbated investor anxiety due to concerns that the economy would deteriorate sharply.
2025/05/28 11:01 KST
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