Trump Media & Technology Group (TMTG), the owner of the Truth Social app and supported by the Trump family, is set to raise $3 billion in order to invest in cryptocurrencies such as Bitcoin.
According to the report, the company aims to raise $2 billion through selling new shares and another $1 billion via a convertible bond.
The final amount and exact timing could still change, but the move shows growing interest in digital assets by the Trump family. The announcement might happen this week during a major crypto event in Las Vegas. Expected speakers include Trump’s sons Donald Trump Jr. and Eric Trump, Senator JD Vance, and Trump’s top crypto advisor, David Sacks.
This $3 billion fund would be used to buy cryptocurrencies, likely starting with Bitcoin. TMTG’s plan resembles the strategy used by MicroStrategy, which raised money through shares and debt to buy large amounts of Bitcoin, making it a leading corporate holder of the asset.
This move reflects Donald Trump’s larger goal of making the U.S. a global leader in crypto. With Bitcoin recently reaching a record high of $109,000, many believe more institutional money will flow into crypto, especially if Trump remains supportive during his administration.
TMTG’s share offering will follow at-the-market terms, meaning new shares will be sold close to the current trading price. As of last Friday, TMTG shares closed at $25.72, giving the company a market value of nearly $6 billion.
TMTG also reportedly has plans to launch a cryptocurrency-focused ETF. The Trump family has already been involved in crypto through NFT trading cards, memecoins, and investments in crypto mining and stablecoin ventures. Last week, Trump hosted a private gala at his resort for top investors involved in his memecoin.
ClearStreet and BTIG are anticipated to support the latest capital offering. After returning to the White House, Trump transferred his 53% ownership of TMTG (worth approximately $3 billion) to a trust managed by his son Donald Trump Jr., granting him complete investment authority.
Also Read: Trump Media to Launch Token and Wallet for Truth+ Subscriber
