Market Cap: $3.2924T -0.700%
Volume(24h): $104.5091B -6.310%
  • Market Cap: $3.2924T -0.700%
  • Volume(24h): $104.5091B -6.310%
  • Fear & Greed Index:
  • Market Cap: $3.2924T -0.700%
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
Top News
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
bitcoin
bitcoin

$105074.528045 USD

-0.43%

ethereum
ethereum

$2621.549395 USD

0.28%

tether
tether

$1.000419 USD

-0.02%

xrp
xrp

$2.211361 USD

-1.68%

bnb
bnb

$666.078228 USD

-0.14%

solana
solana

$153.930846 USD

-1.43%

usd-coin
usd-coin

$0.999839 USD

0.00%

dogecoin
dogecoin

$0.190358 USD

-2.34%

tron
tron

$0.272783 USD

1.19%

cardano
cardano

$0.674344 USD

-2.95%

hyperliquid
hyperliquid

$35.522762 USD

-2.63%

sui
sui

$3.202047 USD

-2.04%

chainlink
chainlink

$13.919736 USD

-2.44%

avalanche
avalanche

$20.239832 USD

-5.54%

stellar
stellar

$0.268004 USD

-2.06%

Cryptocurrency News Articles

Trump Media and Technology Group (TMTG) Plans to Raise $3B to Buy Bitcoin and Other Digital Assets

May 27, 2025 at 05:30 pm

According to the Financial Times, Trump Media and Technology Group (TMTG), Truth Social's parent company, plans to raise $3 billion to purchase Bitcoin and other digital assets.

Trump Media and Technology Group (TMTG) Plans to Raise $3B to Buy Bitcoin and Other Digital Assets

Trump Media and Technology Group (TMTG), the parent company of Truth Social, is aiming to raise $3 billion to purchase Bitcoin and other digital assets, according to a report by the Financial Times.

The fundraising would include $2 billion in new equity sold at the current market price and $1 billion through convertible bonds, with the details and timings yet to be decided. Sources familiar with the matter disclosed the information to the Financial Times.

The company’s move to strengthen its position in the growing cryptocurrency sector follows recent trends of firms like Metaplanet and Semler Scientific engaging in crypto to hedge inflation and diversify their treasuries.

Details of Trump Media’s Crypto Fundraising

TMTG plans to purchase Bitcoin and various other cryptocurrencies with the money it receives.

As of Tuesday, May 23, Trump Media’s shares traded at $25.72, showing an increase of 4.6% from the previous day, bringing Trump Media’s market capitalization to $5.7 billion.

Sources indicate that the final amount raised and the deal’s structure could change as plans progress.

The report also mentions that TMTG’s spokesperson did not respond to requests for comment by publication. After the Financial Times story, the company issued a statement denying the report, saying, “Apparently the Financial Times has dumb writers listening to even dumber sources.” No further clarification was provided.

Increasing Trump Family Involvement in Cryptocurrency Markets

Trump Media’s involvement in crypto is simply part of the Trump family’s larger strategy to enter the digital asset space. Through Truth.fi, which was announced in January, the group aims to allow users to obtain Bitcoin or other financial services.

In March, TMTG partnered with Crypto.com to offer digital asset-based exchange-traded funds on the Truth.fi platform.

The Trump family has also launched several crypto projects, including NFT trading cards and two meme coins, TRUMP and MELANIA and has supported the decentralized finance project World Liberty Financial.

President Trump organized a dinner at the White House for investors backing the Official Trump meme coin, which was met with public and politicians’ disputes. This move into digital assets comes as scrutiny rises around the Trump family’s growing involvement in crypto.

Lawmakers have raised questions about conflicts of interest, especially as Donald Trump transferred his controlling stake in TMTG to a trust managed by his son Donald Trump Jr. Trump Media’s plan to invest $3 billion in digital assets aligns with other businesses.

Crypto holdings are often seen as a safety against inflation and a substitute for traditional assets. Still, because TMTG has a high profile and is involved in politics it may draw further scrutiny from regulators.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on Jun 05, 2025