Trump memecoin issuer pursues $200 million funding to build digital asset treasury: Bloomberg
Quick Take Fight Fight Fight LLC, the company behind Donald Trump’s memecoin, is seeking to raise at least $200 million to establish a digital asset treasury. The DAT company may accumulate Trump memecoin as part of its strategy, according to Bloomberg.
Fight Fight Fight LLC, the crypto startup behind Donald Trump's memecoin, is seeking to raise at least $200 million in an attempt to establish a digital asset treasury (DAT) company for the memecoin, according to Bloomberg.
Bloomberg reported , citing sources familiar with the matter, that Fight Fight Fight is seeking to raise at least $200 million, with ambitions that could extend to as much as $1 billion, although the deal remains in development. The potential DAT company may accumulate the Trump memecoin, according to the report.
The Block has reached out to Fight Fight Fight and the White House for comment.
The Trump memecoin, which debuted days before Trump's second inauguration, soared to around $44 in January but has since declined to around $ 7.6 as of Wednesday, according to CoinGecko data . It was down 4.6% in the past 24 hours. The memecoin has a market capitalization of $1.5 billion and a fully diluted valuation of $7.6 billion, according to data.
Fight Fight Fight, led by Trump's long-time promoter Bill Zanker, has been at the center of various campaigns to sustain the token's visibility, including a May dinner with Trump for the top coinholders.
Meanwhile, Alt5 Sigma, a Nasdaq-listed fintech firm, has already built a World Liberty Financial (WLFI) token treasury. World Liberty Financial is a crypto venture backed by the Donald Trump family. On Sept. 4, Alt5 Sigma disclosed that it held about $1.3 billion worth of WLFI.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
TWT’s Updated Tokenomics Framework and What It Means for DeFi Investors: An In-Depth Analysis of Incentive Structures and Sustainable Value Growth
- TWT's 2025 tokenomics model combines deflationary supply (post-2020 burn of 90% tokens) with utility-driven incentives like Trust Premium and FlexGas to align user behavior with long-term value. - Governance rights and RWA integrations (e.g., U.S. Treasury bonds via Ondo Finance) enhance TWT's utility, attracting institutional investors and bridging DeFi with traditional finance. - Binance co-founder CZ's endorsement and bullish price projections ($15 by 2030) highlight TWT's potential as a hybrid asset
Industrial Property Prospects in Webster, NY, Boosted by Targeted Infrastructure Funding
- Webster , NY, is transforming a 300-acre Xerox brownfield into a high-tech industrial hub via $9.8M FAST NY grants and public-private partnerships (PPPs). - Infrastructure upgrades, including road realignment and sewer expansion, enabled $650M private investments like the fairlife® dairy plant, creating 250 jobs by 2025. - Residential property values rose 10.1% annually, industrial vacancy rates dropped to 2%, and ESG-focused projects like wastewater upgrades boosted investor appeal. - The model highligh
Bitcoin Updates Today: MicroStrategy’s Bold Bitcoin Move: Challenging Doubters or Setting Off a Ticking Bomb?
- MicroStrategy reaffirms Bitcoin-centric strategy, holding 3% of BTC supply despite market skepticism and stock volatility. - $21B in equity/debt financing fueled Bitcoin accumulation, creating leverage-driven profits tied to price swings and dilutive capital raises. - Stock-NET asset value parity and $5.38B institutional outflows highlight risks from Bitcoin volatility and financing model criticism. - Custody shift to Fidelity reduced on-chain transparency while index exclusion limits passive demand amid
WFE Cautions That Tokenized Stocks May Threaten Market Integrity and Lead to Regulatory Disparities
- Nasdaq pushes SEC to approve tokenized stocks, facing WFE warnings about eroded market integrity and investor protections. - WFE argues blockchain adoption costs outweigh benefits in already efficient equity markets, urging adherence to established frameworks. - SEC's crypto-friendly shift under Trump creates tension between innovation and regulatory safeguards, with global standards remaining fragmented. - Tokenized assets could enable 24/7 trading but risk regulatory fragmentation and systemic risks hi
Trending news
MoreCrypto prices
More
