Trump Media & Technology Group Plans $3 Billion Cryptocurrency Investment Fund
May 26, 2025 – By Reuters
The Trump Media & Technology Group (TMTG), the company behind the popular social media platform Truth Social, is reportedly setting its sights on a significant expansion into the cryptocurrency market. According to a report from the Financial Times, TMTG plans to raise approximately $3 billion, funding that will be allocated towards investments in cryptocurrencies such as Bitcoin.
Fundraising Details
The fundraising initiative is expected to comprise $2 billion in new equity and an additional $1 billion through the issuance of convertible bonds. While the company is actively pursuing these funds, the Financial Times cautioned that exact terms, timing, and the final size of the capital raise remain subject to change.
In response to inquiries regarding the fundraising report, TMTG dismissed inquiries from both Reuters and the Financial Times, labeling the outlets as "fake news." The White House has not yet provided any commentary on the matter.
Broader Financial Aspirations
The capital raise comes as TMTG explores avenues for diversifying its services, transitioning beyond social media and into financial services. Last month, the firm secured a binding agreement aimed at launching various retail investment products, including cryptocurrencies and exchange-traded funds (ETFs) that align with the company’s America First policies. This venture has, however, faced intensified scrutiny from government ethics and regulatory authorities, particularly surrounding potential implications regarding conflict of interest and transparency.
Upcoming Events and Market Response
The announcement of the capital raise is anticipated to coincide with an important meeting for cryptocurrency investors scheduled for later this week. At this event, figures such as Vice President JD Vance and Donald Trump’s sons, Donald Jr. and Eric Trump, are expected to make appearances and address attendees.
Meanwhile, the cryptocurrency market saw some movement in light of these developments. Bitcoin experienced a notable uptick of approximately 1.5%, marking its largest gain in four days, contributing to a renewed interest among investors.
The move to step into the cryptocurrency arena reflects TMTG’s broader objectives to solidify its position within the rapidly evolving financial landscape. As the firm broadens its scope, further updates regarding the fundraising efforts and the subsequent implications for its strategic planning are anticipated in the coming days.
For continued updates, stay tuned as we monitor developments in this unfolding story.
Reporting Credits
This article was reported by Anuja Bharat Mistry in Bengaluru with additional reporting by Puyaan Singh, edited by Bill Berkrot.
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