TL;DR
- Trump Media is looking to raise $3 billion to buy cryptocurrencies, combining $2 billion in equity and $1 billion through a convertible bond.
- The announcement could come ahead of the 2025 Bitcoin Conference, which will feature JD Vance, the President’s sons, David Sachs, and Michael Saylor.
- The Trump family already holds NFTs, memecoins, and stakes in American Bitcoin and World Liberty Financial, and plans to launch ETFs with Crypto.com.
Trump Media and Technology Group (TMTG), the company behind Truth Social, is planning to raise $3 billion for cryptocurrency acquisitions.
According to sources cited by the Financial Times, the deal includes $2 billion in equity and another $1 billion via a convertible bond. The company hasn’t confirmed the plan’s existence, though it publicly questioned the report and its sources without denying or clarifying the details.
Bitcoin Conference 2025
The increase in the offering’s projected size in recent weeks reportedly responds to strong demand from investors eager to back crypto-related deals.
The plan to announce the fundraising ahead of the 2025 Bitcoin Conference, scheduled for May 27–29 in Las Vegas, aligns with that strategy. The event will feature public figures like JD Vance, Donald Trump’s sons, and his crypto advisor David Sachs. Michael Saylor, executive chairman of Strategy, will also attend alongside other industry leaders.
The Trump Family Deepens Its Crypto Involvement
This initiative would further strengthen the Trump family’s footprint in the crypto market. They’ve previously launched an NFT collection, backed two memecoins, and invested in mining company American Bitcoin and World Liberty Financial, a stablecoin issuer. TMTG also plans to launch Bitcoin and Cronos ETFs in partnership with Crypto.com.
The fundraising will be structured as an at-the-market secondary stock offering, allowing shares to be sold at their current market price. On Friday, TMTG shares closed at $25.72, giving the company a market value of nearly $6 billion. According to sources, ClearStreet and BTIG are among the banks likely to participate in the deal.
Donald Trump Jr. currently controls 53% of TMTG through a revocable trust that grants him sole authority over investment decisions and voting rights tied to those shares
