The issuer of Donald Trump’s meme coin is working to elevate at the very least $200m for a digital-asset treasury firm that may purchase up the struggling token, Bloomberg reported Wednesday.
Invoice Zanker, a longtime Trump affiliate and promoter, is main the hassle by means of Battle Battle Battle LLC. Funding ambitions may reportedly climb to as a lot as $1b, though the hassle stays ongoing and should not finally be accomplished.
Zanker’s newest try to shore up the Trump coin comes after its steep drop from $44 in January to about $8 in the present day.
Plans for the digital-asset treasury, or DAT, observe a wave of comparable automobiles launched this yr. PitchBook knowledge exhibits greater than 80 corporations have entered the house in 2025, a lot of which noticed valuations slip after an early burst of pleasure.
Trump himself has lent visibility to the venture. In Could, he attended a dinner with top holders of the meme coin. Earlier than the occasion, Battle Battle Battle promoted a contest on social media. A scoreboard tracked main traders who would qualify for a seat on the desk.
Later in the summertime, Zanker’s plan for a Trump-branded pockets collapsed. The setback adopted a conflict with one other Trump-linked crypto enterprise, World Liberty Monetary. In the meantime, that agency’s WLFI token has already drawn curiosity from ALT5 Sigma, a separate digital-asset treasury firm.
The Trump token’s supply stays tightly managed. In accordance to Messari, solely about 35% is unlocked, giving the token a circulating market worth of roughly $1.5b. In the meantime, the remainder, largely held by Trump-linked entities, continues to unlock regularly.
The full provide is capped at 1b tokens, with 800m locked at launch. As well as, crypto entrepreneur Justin Solar ranks among the many largest holders. Solar, who additionally advises World Liberty Monetary, attended the Could dinner and obtained a watch.
Zanker’s fundraising drive comes because the Trump household expands its involvement in digital property.
Over the previous yr, it has launched ventures in Bitcoin mining, a stablecoin venture, a treasury technique, and exchange-traded funds tied to the world’s largest cryptocurrency.
For Zanker, the treasury plan is an try to revive momentum in a token that has struggled to maintain investor confidence.
Learn authentic story Trump Meme Coin Issuer Seeks $200M for Treasury Company to Support Token by Shalini Nagarajan at Cryptonews.com
