Trump Media Seeks To Raise $3 Billion To Buy Bitcoin And Other Cryptocurrencies
The Financial Times reported today, citing six people privy to the matter, that Trump Media & Technology Group, which owns Truth Social, aims to raise $3 billion to purchase various digital assets.
The capital raise, which could be announced at this week’s Bitcoin 2025 event held in Las Vegas, would be another sign of the Trump-linked firm’s deepening entanglement with the crypto industry.
Trump Media’s $3 Billion Crypto War Chest Mirroring Strategy’s Playbook
The Truth Media is said to be planning to raise $2 billion in fresh equity and $1 billion via a convertible bond sale to invest in Bitcoin and other digital assets, the Financial Times reported on May 26. The final details of the planned raises, including their size and timing, are subject to change, according to the report.
The news of the supposed capital raise comes as an increasing number of publicly traded companies are adding cryptocurrencies, mostly Bitcoin, to their balance sheets, borrowing a page from Strategy’s playbook.
The Software intelligence turned Bitcoin development firm is currently the world’s largest corporate holder of the foremost crypto, holding nearly 3% of BTC’s total supply in its treasury by financing the buys through a mix of equity and debt issuances.
Broader Crypto Ventures
The FT report of the $3 billion capital raise comes as Trump Media, President Donald Trump, and his family deepen their ties with the crypto market. Last month, Trump Media sealed a deal with crypto exchange Crypto.com to launch a series of “made in America” crypto exchange-traded funds (ETFs).
The Trump family has also debuted a pair of meme coins, $TRUMP and $MELANIA, in addition to supporting a decentralized finance project called World Liberty Financial, and the president is attempting to create a national Bitcoin reserve — all in just the past couple of months.
On May 22, President Trump hosted up to 220 of the largest holders of his TRUMP memecoin for a controversial dinner event at the Trump National Golf Club in Potomac Falls, Virginia.
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Trump Media Seeks To Raise $3 Billion To Buy Bitcoin And Other Cryptocurrencies
The Financial Times reported today, citing six people privy to the matter, that Trump Media & Technology Group, which owns Truth Social, aims to raise $3 billion to purchase various digital assets.
The capital raise, which could be announced at this week’s Bitcoin 2025 event held in Las Vegas, would be another sign of the Trump-linked firm’s deepening entanglement with the crypto industry.
Trump Media’s $3 Billion Crypto War Chest Mirroring Strategy’s Playbook
The Truth Media is said to be planning to raise $2 billion in fresh equity and $1 billion via a convertible bond sale to invest in Bitcoin and other digital assets, the Financial Times reported on May 26. The final details of the planned raises, including their size and timing, are subject to change, according to the report.
The news of the supposed capital raise comes as an increasing number of publicly traded companies are adding cryptocurrencies, mostly Bitcoin, to their balance sheets, borrowing a page from Strategy’s playbook.
The Software intelligence turned Bitcoin development firm is currently the world’s largest corporate holder of the foremost crypto, holding nearly 3% of BTC’s total supply in its treasury by financing the buys through a mix of equity and debt issuances.
Broader Crypto Ventures
The FT report of the $3 billion capital raise comes as Trump Media, President Donald Trump, and his family deepen their ties with the crypto market. Last month, Trump Media sealed a deal with crypto exchange Crypto.com to launch a series of “made in America” crypto exchange-traded funds (ETFs).
The Trump family has also debuted a pair of meme coins, $TRUMP and $MELANIA, in addition to supporting a decentralized finance project called World Liberty Financial, and the president is attempting to create a national Bitcoin reserve — all in just the past couple of months.
On May 22, President Trump hosted up to 220 of the largest holders of his TRUMP memecoin for a controversial dinner event at the Trump National Golf Club in Potomac Falls, Virginia.
Read More