TRUMP meme coin backer eyes up to $1 billion funding for digital asset treasury

Key Takeaways

Trump-linked token issuer eyes $200 million funding spherical amid droop.
Invoice Zanker, a long-time affiliate of Donald Trump, leads the corporate, which is now aiming for a $1 billion increase.

Battle Battle Battle LLC, the corporate behind the Official Trump (TRUMP) coin undertaking, is in search of to lift at the very least $200 million to ascertain a digital asset treasury entity targeted on buying the meme token, Bloomberg reported, citing individuals conversant in the plan.

The corporate, led by Donald Trump affiliate Invoice Zanker, is eyeing up as a lot as $1 billion. Sources cautioned that the deal remains to be growing and will not undergo.

Launched in early 2025, the Trump-linked token rapidly reached a brand new all-time excessive above $73 earlier than declining sharply. As of press time, TRUMP was buying and selling at round $7.6, down round 3% over the previous 24 hours, in accordance with CoinGecko information.

Battle Battle Battle beforehand sought to spice up token holder engagement by way of initiatives comparable to a Might dinner with Donald Trump, which invited prime token holders to attend. The occasion’s announcement sparked a 70% value rally.

In June, the crew reportedly deliberate to introduce an “Official Trump Pockets,” however the initiative was later suspended following disagreements with World Liberty Monetary, a crypto enterprise backed by Trump’s sons.