Key Takeaways:
- Trump Media denied reports of a $3B crypto investment plan, calling the Financial Times’ sources unreliable.
- The rumored raise included $2B in equity and $1B in bonds to fund crypto acquisitions.
- Trump’s crypto ties are under scrutiny amid increased personal involvement and potential conflicts of interest.
Trump Media and Technology Group (TMTG), the company behind Truth Social and tied to President Donald Trump, has denied reports claiming it plans to raise $3 billion for cryptocurrency investments.
The denial followed a May 26 Financial Times article citing anonymous sources alleging that TMTG was preparing to raise $2 billion through equity and $1 billion via convertible bonds to fund major crypto acquisitions.
JUST IN: Trump Media Group plans to raise $3 billion to buy Bitcoin & crypto, FT reports. pic.twitter.com/hK5G6JwcTT
— Watcher.Guru (@WatcherGuru) May 26, 2025
TMTG sharply criticized the report, calling its sources and writers unreliable.
The article had speculated the fundraising would be priced based on TMTG’s May 23 stock price of $25.72, giving the firm a $5.7 billion valuation.
If true, the plan would have aligned TMTG with other companies adopting Bitcoin as a treasury asset.
The rumors surfaced amid rising scrutiny of Trump’s crypto involvement, including memecoin dinners, NFT projects, and associations with a DeFi platform and stablecoin.
Critics warn of potential conflicts of interest due to Trump’s influence over crypto policy.
Trump reportedly transferred his 53% stake in TMTG to a revocable trust controlled by his son, Donald Trump Jr.
About The Author
Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.
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