Trump Media to Raise $3 Billion for Cryptocurrency Investments
Donald Trump’s media company, Trump Media & Technology Group (TMTG), is reportedly planning a major capital raise of $3 billion to invest in cryptocurrencies such as Bitcoin, according to a report from the Financial Times.
Breakdown of Trump Media’s Crypto-Focused Fundraising Strategy
The capital raise will include:
- $2 billion in fresh equity
- $1 billion through a convertible bond
This move marks a significant expansion of TMTG’s business focus from social media to digital finance and crypto assets.
Trump Media Eyes Expansion Beyond Truth Social
TMTG is the parent company of Truth Social, a streaming and social media platform popular among conservative users. As part of its broader vision, the company is exploring mergers and acquisitions to support its diversification into financial services.
In April, Trump Media signed a binding agreement to launch retail investment products, including
- Cryptocurrency investment offerings
- Exchange-traded funds (ETFs) aligned with Trump’s “America First” economic policies
Regulatory Scrutiny and Political Involvement
While the move signals bold ambitions, it has also attracted scrutiny from government ethics and regulatory authorities, especially given the political influence and high-profile nature of the firm’s executives.
The company is expected to announce its capital raise before a major crypto conference later this week. Notable speakers at the event include
- Vice President JD Vance
- Donald Trump Jr.
- Eric Trump
Trump Media’s Response to Media Coverage
In response to media inquiries, Trump Media criticized both Reuters and the Financial Times, labeling them as “fake news” outlets. The White House has not issued a comment on the report.
Bitcoin Market Reaction
Following the news, Bitcoin rose 1.5%, marking its largest gain in four days and the most significant price movement in the past three trading sessions.
Key Takeaways
- Trump Media plans a $3 billion capital raise focused on cryptocurrency investment.
- The strategy includes both equity and convertible bond offerings.
- The move aligns with broader financial services goals and America First investment products.
- Regulatory bodies are monitoring the expansion due to ethical and political implications.
- Bitcoin responded positively to the news.
