Justin Sun, the founder of the Tron blockchain, announced this week that he had purchased yet another $100 million of Donald Trump’s memecoin, $TRUMP. Sun already owns a substantial amount of the asset. The crypto mogul also announced that the coin would soon be tradable on his blockchain. All of this is complicated by the
Trump visits a crypto-themed bar in New York City in September, the month he unveiled World Liberty Financial. Spencer Platt/Getty Images Around the time that Donald Trump took office, the Trump Organization made moves to sell a stake in one of the president’s crypto companies. That revelation was buried in a letter that an independent
Trump Media & Technology Group, the company that owns President Donald Trump’s Truth Social platform, announced plans Tuesday to buy about $2.5 billion in cryptocurrencies to create what it calls a “bitcoin treasury.” The company plans to raise the money by selling $1.5 billion in common stock and $1 billion in convertible debt to 50
Justin Sun loves a publicity stunt. But in bailing out Donald Trump’s crypto venture—netting the president and his family $400 million—Sun has boosted his efforts to create a global payment system, using his Tron platform, with 300 million users and counting. Chinese blockchain entrepreneur Justin Sun’s admiration of Donald Trump began in middle school, while