Trump Media Denies Report of $3 Billion Crypto Funding Plan
Date: May 26, 2025
By: Christopher Tepedino
Trump Media and Technology Group (TMTG), the company associated with former U.S. President Donald Trump’s social media platform Truth Social, has rejected a report by the Financial Times that it was planning to raise $3 billion in funding for cryptocurrency investments. The Financial Times cited six unnamed sources who claimed the company was seeking to secure the funds through a combination of equity and convertible bonds, earmarked specifically for purchasing Bitcoin and other digital currencies.
Denial from Trump Media
In a sharp rebuke to the Financial Times report, Trump Media dismissed the claims, suggesting that “dumb writers” were misled by “even dumber sources.” The statement reflects the company’s frustration with the narrative circulating in the media regarding its financing plans. As of now, Trump Media has not provided further commentary to Cointelegraph, which reached out for additional clarification.
Details of the Report
According to the Financial Times, the company was exploring the potential of raising $2 billion in equity along with $1 billion in convertible bonds—financial instruments that can be converted into company shares at a later date. The report indicated that the actual size of the funding could vary, and the equity would be sold at the market price as of May 23, 2025. On that day, shares of Trump Media (DJT) closed at $25.72, reflecting a 4.6% increase, with a total market capitalization of $5.7 billion.
The strategy TMTG was reportedly contemplating follows a trend adopted by various tech and finance companies investing in cryptocurrency as a means to hedge against inflation, aiming to avoid becoming “zombie companies."
Implications and Market Reactions
If TMTG were to undertake such a fundraising effort, it could intensify scrutiny on the Trump family’s burgeoning involvement in the cryptocurrency sphere. Democratic lawmakers have expressed concerns regarding conflicts of interest linked to Trump’s crypto ventures, especially since he may potentially profit from an industry over which he holds a significant influence. Recent demonstrations and protests have coincided with Trump’s crypto-related initiatives, including a memecoin dinner that took place on May 22, 2025. Donald Trump’s involvement in the crypto market has included non-fungible token (NFT) collections, as well as the launch of the Official Trump (TRUMP) and Melania (MELANIA) memecoins. The former president has also been associated with decentralized finance through a platform called World Liberty Financial, and has connections to a dollar-pegged stablecoin.
Notably, Trump reportedly transferred his ownership stake in TMTG to a revocable trust managed by his son, Donald Trump Jr., a move that has raised eyebrows and questions about insider trading and ethical ramifications surrounding his ventures in the cryptocurrency realm.
Conclusion
While Trump Media’s recent denial of the $3 billion crypto funding plan may settle some immediate concerns regarding speculation and rumors, the broader implications of the Trump family’s activities in the digital currency market remain a focal point for scrutiny and discussion in both political and financial circles.
For further developments related to Trump Media and its ventures into cryptocurrency, stay connected to reliable news sources and follow industry updates closely.
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