Trump Media & Technology Group Is Reportedly Planning to Raise $3 Billion to Invest in Cryptocurrencies

This move, highlighted in a recent Financial Times report, aims to secure $2 billion in fresh equity and an additional $1 billion through a convertible bond.

A recent report by Financial Times claims that Trump Media & Technology Group is planning to raise around $3 billion to invest in cryptocurrencies, including Bitcoin (BTC).

This move, aiming to secure $2 billion in fresh equity and an additional $1 billion through a convertible bond, is still subject to change in terms of timing and size.

In response to inquiries regarding this report, the President’s media company dismissed both Reuters and the Financial Times as “fake news” outlets, while the White House has not yet commented on the matter.

The company has been exploring potential mergers and acquisitions to diversify its offerings into financial services, signaling a strategic shift beyond its original social media focus.

Last month, Trump Media reached a binding agreement to launch various retail investment products, aligning with Trump’s America First policies.

These products are expected to include cryptocurrency investments and exchange-traded funds (ETFs), although the initiative has drawn scrutiny from government ethics and regulatory authorities.

The anticipated capital raise, yet to be publicly confirmed by the President’s working group, is set to coincide with a major meeting for cryptocurrency investors and advocates this week, where figures such as Vice President JD Vance and Trump’s sons, Donald Jr. and Eric, are expected to speak.

This meeting follows an exclusive dinner hosted by President Trump for top investors in his cryptocurrency memecoin, TRUMP, held at his golf club outside Washington, D.C.

The event brought together an estimated 220 of the largest purchasers of the TRUMP memecoin, which was launched just days before Trump’s inauguration.

This gathering drew criticism, with one segment of the audience holding signs reading “stop crypto corruption” and another displaying messages like “no kings.”

Democratic Senator Elizabeth Warren and other opponents slammed the dinner during a press conference, branding it an “orgy of corruption.” They staged a protest against the President’s actions and ventures.

This move follows reports of Trump's involvement in a Bitcoin mining venture with Hut 8 and the launch of American Bitcoin, a new venture focused on Bitcoin mining.

As the apex cryptocurrency is currently juggling a bull market with a legal battle against the U.S. Securities and Exchange Commission (SEC), Trump's alleged foray into Bitcoin mining has sparked interest.

At the time of writing, the market's leading cryptocurrency, Bitcoin, trades just above the $109,400 mark, registering a notable 15% surge in the monthly time frame.

The President’s official memecoin, on the other hand, records a 19% drop toward $12.71 in the same period, as the exclusive dinner party failed to boost the token’s price.