Donald Trump’s media company, Trump Media & Technology Group (TMTG), plans to raise about $3 billion to invest in cryptocurrencies such as Bitcoin, according to the Financial Times.
The company aims to secure $2 billion through new equity and an additional $1 billion via a convertible bond offering. Details about the timing, size, and terms of the fundraising are still being finalized.
TMTG, which operates the social media platform Truth Social, is expanding into financial services, including launching crypto-related products and exchange-traded funds (ETFs) aligned with Trump’s “America First” policies. The company has also expressed interest in partnering with Crypto.com to support these initiatives.
The planned capital raise is expected to be announced ahead of a major cryptocurrency investor conference in Las Vegas this week. Key figures such as Vice President JD Vance, Donald Trump Jr., Eric Trump, and Trump’s crypto advisor David Sacks are scheduled to speak at the event.
Trump Media has dismissed the media reports as inaccurate, calling outlets like Reuters and the Financial Times “fake news” or accusing them of poor sourcing, without providing further details.
This move by TMTG comes amid growing scrutiny over potential conflicts of interest, as President Trump promotes policies favorable to the cryptocurrency sector, including proposals for a national Bitcoin reserve and looser federal regulations. Trump’s family holds significant stakes in the company, raising concerns about the overlap between public office and private financial interests.
Bitcoin’s price recently surged to a record high above $109,000, reflecting increased investor interest in the sector. TMTG’s strategy resembles that of other companies like MicroStrategy, which have boosted their market value by investing heavily in Bitcoin.
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