Trump Media Company Plans $3 Billion Cryptocurrency Investment Amid Conflict of Interest Concerns
By Richard Hall and Andrew Feinberg
New York, May 26, 2025
Donald Trump’s media company, the Trump Media & Technology Group (TMTG), is reportedly planning to raise $3 billion to invest in cryptocurrencies, including Bitcoin. The announcement comes as controversies surrounding potential conflicts of interest deepen, raising questions about the former president’s financial dealings during his time in office.
Investment Plans and Fundraising Details
According to a report from the Financial Times, TMTG aims to secure $2 billion in new equity and an additional $1 billion through a convertible bond. The primary objective of this fundraising is to acquire Bitcoin and other cryptocurrencies as part of a strategic investment to further the company’s portfolio, which already includes the social media platform Truth Social.
Potential Conflict of Interest
This move has sparked renewed scrutiny regarding Trump’s financial interests. Critics have pointed out that such investments could present significant conflicts of interest, particularly given Trump’s political position and the financial benefits that could accrue to him and his family. After assuming office earlier this year, Trump expressed his ambition to position the United States as the "crypto capital of the world." He signed an executive order aimed at establishing a strategic bitcoin reserve and facilitating a digital asset stockpile within the federal government.
Moreover, Trump’s involvement with cryptocurrencies extends personally; he has created his own cryptocurrency, and just last week, he hosted a banquet for 200 top investors in a memecoin associated with him at his Virginia golf club. This has led some watchdogs to label his actions as "nakedly corrupt."
A recent report from State Democracy Defenders Action estimated that Trump’s various investments and holdings in cryptocurrency have increased his family’s wealth by approximately $2.9 billion.
Upcoming Bitcoin Conference
TMTG’s announcement occurs just before the world’s largest bitcoin conference, set to take place in Las Vegas this week. The event is expected to feature notable speakers, including Vice President JD Vance, Trump’s sons Donald Jr. and Eric, and the company’s crypto advisor, David Sacks. Last year’s conference also saw significant participation from Trump, who utilized the platform to court crypto donors for his presidential campaign.
Trump’s Stance on Conflicts of Interest
Despite ongoing concerns, Trump has historically dismissed worries regarding potential conflicts of interest, asserting that as president, he is exempt from certain laws that prevent cabinet members and executive level officials from such conflicts. In the past, he claimed, "the president can’t have a conflict of interest," and reiterated his commitment to separate himself from his business interests before taking office in 2017. However, during his current term, there have been no similar commitments regarding the separation of his financial affairs from governmental responsibilities. Insiders close to Trump reportedly view allegations of conflict of interest as politically motivated attacks.
Conclusion
As Trump’s media company evaluates its cryptocurrency investment strategy, the implications of mixing personal business interests with his presidential responsibilities raise significant ethical questions. The upcoming bitcoin conference promises to further spotlight Trump’s entanglements with the crypto industry as both supporters and critics closely monitor the developments.
TMTG has not yet responded to requests for comments on this evolving issue.
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