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Cryptocurrency News Articles
Donald Trump's Media Company TMTG Is Raising $3B to Invest in Bitcoin
May 27, 2025 at 10:18 am
Donald Trump has never been one to shy away from big moves, but his latest crypto play is raising more than a few eyebrows.
Donald Trump is never one to shy away from big moves, but his latest crypto play has more than a few heads turning. His media company, Trump Media & Technology Group (TMTG), is reportedly aiming to raise $3 billion to invest in Bitcoin and possibly launch a crypto ETF.
The size of the investment is one thing. The timing and potential conflict of interest? That’s another.
According to internal plans viewed by the Financial Times, TMTG is seeking to pull in $2 billion in new equity and another $1 billion through a convertible bond. The plan is to use that war chest to buy Bitcoin and maybe even launch a crypto-focused exchange-traded fund. This would put Trump’s media group in the same arena as firms like MicroStrategy, companies using crypto to beef up their financial profiles.
Crypto heads will also recognize the showmanship. The announcement is set for a major crypto conference in Las Vegas, where Trump’s sons, Donald Jr. and Eric, are expected to appear alongside Senator JD Vance. If it sounds like a campaign rally disguised as a tech pitch, that might not be far off.
Ethics experts are less than thrilled. The main concern is whether Trump, who’s running for president again, is blurring the line between politics and profit. If TMTG starts investing heavily in Bitcoin, while Trump holds sway over financial and regulatory decisions, the potential for conflicts of interest becomes hard to ignore.
It’s not just speculation either. Lawmakers like Senator Jeff Merkley have already introduced bills to prevent government officials and their families from cashing in on crypto while in office. Moves like this could push those proposals further.
Then There’s the $TRUMP Token
You can’t talk about Trump and crypto without mentioning the $TRUMP token. This memecoin, which gained traction earlier this year, is tied to the former president in branding, tone, and, potentially, ownership.
Reports suggest a significant portion of the coin is held by wallets connected to Trump’s circle. That’s sparked concerns that it could be used to influence or profit from market swings, especially if Trump continues to publicly engage with the token.
It’s one thing for a politician to express support for crypto. It’s another to be tied, financially or publicly, to a speculative asset that can be easily hyped or dumped.
Trump’s Crypto U-Turn
This whole thing also marks a pretty big shift from Trump’s earlier stance. During his first term, he wasn’t exactly pro-Bitcoin. In fact, he called it “based on thin air.” But now, with crypto sentiment changing and voter interest rising, he’s leaning in. His administration even proposed a Strategic Bitcoin Reserve earlier this year, signaling a new direction.
Whether this pivot is genuine or strategic, it shows Trump is paying attention to the crypto crowd.
What Comes Next?
TMTG’s plans are still in the fundraising stage, so it’s not a done deal. But the questions are already here. If Trump’s media group becomes a major crypto investor while he runs for office, or ends up in the White House again, expect the scrutiny to keep building.
Crypto might be decentralized, but in this case, all eyes are on one man.
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