Trump Media & Technology Group (TMTG) is preparing to raise $3 billion for cryptocurrency investments, the Financial Times reported, citing six sources familiar with the matter.
Trump Media Group to Raise $3 Billion for Cryptocurrencies, FT Reports
27 May 2025 - 12:42 CEST
TMTG, which is controlled by the President’s family and owns his personal social media channel, aims to raise $2 billion in equity and $1 billion via a convertible bond, according to the FT.
The development comes as key figures from the President’s inner circle are gathering this week in Las Vegas for the Bitcoin 2025 conference. Sons Donald Jr and Eric, Vice President JD Vance and White House crypto advisor David Sacks are scheduled to speak.
The fundraising effort would chime with Trump senior’s broader crypto currency agenda, including a policy goal to make the US the “crypto capital of the world” while he and his family pursue commercial interests such as the $TRUMP meme coin and World Liberty Financial’s USD1 stablecoin.
Shares in TMTG, which trade under the acronym DJT, slid 10% in Tuesday trading.
Contacted for the FT article, TMTG reportedly dismissed the writers as “dumb” while the White House declined to comment.
