05/31/2025
U.S. President Donald Trump's social media company Trump Media Technology Group (DJT.US) is planning to raise about $3 billion to invest in cryptocurrency assets such as bitcoin, Wisdom Finance APP has learned, according to people familiar with the matter.
The company intends to raise $2 billion in capital through a new stock offering and another $1 billion through convertible bonds, the report said. The report also noted that the exact terms, timing and size of the financing could still be variable.
The financing plan is expected to be officially announced before the cryptocurrency investor summit to be held this week. Vice President JD Vance and Trump's eldest son, Donald Trump Jr. and second son, Eric Trump, as well as Trump's “cryptocurrency czar,” David Sachs, are all expected to attend and speak at the event.
In response to a request for comment, Trump Media Technology Group called the reporting media outlets “fake news outlets,” saying in a statement, “Obviously, the writers at the Financial Times were dumb enough to listen to even dumber sources.” The White House has not yet responded to inquiries.
As the parent company of Truth Social's social media and streaming platform, the company has actively sought to diversify and transform its business in recent years, continuing to explore M&A opportunities in the financial services sector.
Last month, Trump Media Technology Group has signed a binding agreement to launch a series of retail investment products, including cryptocurrencies and exchange-traded funds (ETFs) in line with the “America First” policy. However, this strategic move has already attracted a great deal of attention from government ethics and regulators.
Currently, the Trump family has dabbled in the cryptocurrency space including NFT trading cards, two types of cryptocurrencies, as well as stakes in cryptocurrency mining firm American Bitcoin and stablecoin backer World Liberty Financial.
On the news, Bitcoin rose 1.5 percent on Monday, posting its biggest one-day swing in the last three sessions and realizing its biggest gain in four days. As of writing, the cryptocurrency hovers near $109,500.
