Trump Media & Technology Group, the parent company behind Truth Social, is reportedly preparing to raise up to $3 billion to fund a major expansion into the cryptocurrency space, with Bitcoin among its key targets.
According to sources cited by the Financial Times, the company is seeking $2 billion through equity and another $1 billion via a convertible bond issuance.
While details are still evolving, the funding initiative appears to be part of a broader strategy to pivot beyond media into financial services. Recent developments include a deal to roll out retail investment products, including crypto offerings and ETFs that align with Donald Trump’s “America First” agenda.
The ambitious plans have drawn regulatory attention and sparked debate over ethical boundaries, especially given Trump’s high-profile political influence.
The capital raise is expected to be formally announced ahead of a crypto-centric event this week, where speakers will reportedly include Vice President JD Vance and Trump’s sons, Donald Jr. and Eric.
When asked for comment, Trump Media dismissed inquiries from Reuters and the Financial Times, labeling them as “fake news.” Meanwhile, Bitcoin saw a modest 1.5% rise, marking its strongest performance in several days as investor buzz around the news circulated.
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Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/trump-media-allegedly-eyes-3-billion-crypto-investment/