- Trump Media plans to raise $3 billion—$2 billion through equity and $1 billion via a convertible bond to invest in cryptocurrencies.
- The company has agreed to launch crypto and ETF products aligned with Trump’s America First policies.
Trump Media & Technology Group (DJT.O), the company behind the conservative social platform Truth Social, is reportedly preparing to raise a staggering $3 billion to invest in cryptocurrencies like Bitcoin.
According to a Financial Times report published Monday, the firm aims to secure $2 billion through new equity and another $1 billion via a convertible bond.
The terms, timing, and final size of the capital raise are still in flux, according to the FT, which cited sources familiar with the matter.
The social media firm, closely associated with U.S. President Donald Trump, has been exploring avenues beyond its core digital platform. Trump Media has reportedly set its sights on the financial services sector, seeking potential mergers and acquisitions to support the shift.
Last month, the company entered a binding agreement to launch various retail investment products, including crypto and exchange-traded funds (ETFs) that align with Trump’s “America First” policies. These moves have attracted attention from government ethics and regulatory authorities.
Upcoming Announcement and High-Profile Appearances
The capital raise announcement is expected to come ahead of a significant crypto investor gathering later this week.
According to the Financial Times, Vice President JD Vance, along with Donald Trump Jr. and Eric Trump, are scheduled to speak at the event.
Bitcoin saw a 1.5% jump following the news, its largest daily gain in four days and the biggest price move in three days. The White House has not yet commented on the matter.
Edited by Annette George
