US President Donald Trump’s social media firm, Trump Media & Technology Group (DJT.O), plans to raise approximately $3 billion to invest in cryptocurrencies such as bitcoin. The company aims to secure $2 billion in fresh equity and $1 billion through a convertible bond.
The capital raise is expected to be announced ahead of a major crypto investor meeting this week, where Vice President JD Vance and Trump’s sons Donald Jr. and Eric are set to speak. This investment strategy has attracted scrutiny from government ethics and regulatory authorities due to the company’s recent agreements with various retail investment products aligned with Trump’s America First policies.
The terms and timing of the capital raise may still change. The company behind Truth Social, a streaming and social media platform, is exploring potential mergers and acquisitions as it diversifies into financial services. Last month, Trump Media reached a binding agreement to launch crypto and exchange-traded funds aligned with its policies.
Bitcoin has seen significant fluctuations, including a 1.5% gain, making it the biggest move in three days and largest gain in four days. The capital raise is expected to be announced ahead of this major investor meeting, where Trump’s involvement in the crypto space will likely draw attention from both supporters and critics.
Source: https://www.reuters.com/business/trump-media-raise-3-billion-spend-cryptocurrencies-ft-reports-2025-05-26