Trump Media Group seeks $3 billion warbox to buy bitcoin and crypto assets: ft
According to the Financial Times, Trump Media and Technology Group (TMTG), the company behind the Truth Society, is under the Trump family, preparing to raise an astonishing $3 billion to invest in cryptocurrencies such as Bitcoin.
People familiar with the matter told the Financial Times that media risk companies plan to acquire $2 billion in fresh equity through convertible bonds and $1 billion in convertible bonds. Capital raisings can be officially announced ahead of this week’s 2025 Bitcoin conference in Las Vegas, with Vice President JD Vance, Donald Trump Jr., Eric Trump Jr. and Trump’s assistant crypto adviser David Sachs expected to speak.
The secondary equity issuance will be conducted on a market basis, which means the stock price is expected to be close to the latest closing price of $25.72, and TMTG is currently valued at nearly $6 billion.
TMTG is driving the broader cryptocurrency revival. Bitcoin hit a new record of $111,999 last week, and investors’ interest in crypto-related drama has surged. The strategy echoes the strategy of the strategy, which uses similar debt and equity financing to buy billions of bitcoins, which brings its market cap to over $100 billion.
Although TMTG has not confirmed the news yet, they may doubt the Financial Times comments about the validity of the story:
According to reports, “Obviously, the author of the Financial Times even listened to the source of Dunber,” TMTG said. A White House spokesman also refused to praise. Donald Trump Jr.
TMTG’s deepening crypto perspective hub includes many joint ventures: the NFT trading card series, two Memecoins, investments in Crypto Miner American Bitcoin and Stablecoin Platform World Liberty Financial, and the upcoming Crypto ETF.
After returning to the White House last year, Trump transferred his 53% stake in TMTG (about $3 billion) to a revocable trust controlled by Donald Trump Jr., who has full investment and voting rights.
This is a development story that will be updated as needed.
