Trump Exploration of Potential $3 Billion Cryptocurrency Fundraising Strategy Revealed
Trump Media & Technology Group, reportedly linked to the Trump family, is said to be planning to raise $3 billion for investments in cryptocurrency, according to the Financial Times. The alleged plans include $2 billion in equity and $1 billion through convertible bonds, a financial strategy that, if successful, would mark a significant venture into digital currencies for TMTG.
However, the company has denied the reported $3 billion figure, with TMTG stating, "It appears the Financial Times has writers listening to even dumber sources." Despite the denial, the idea supports the growing evidence of President Trump's apparent backing for cryptocurrencies, particularly following recent surges in the value of Bitcoin.
The Trump family's interest in digital assets extends beyond cryptocurrencies, with previous forays into NFTs and memecoins. Donald Trump Jr. now holds the family's stake in TMTG through a revocable trust.
Enrichment Data indicates that TMTG has indeed confirmed plans to raise around $2.5 billion, with $1.5 billion to come from the issuance of common stock and $1.0 billion in convertible notes. These funds will be allocated to establish a "bitcoin treasury," signifying a substantial commitment to cryptocurrency investments. Nevertheless, it remains unclear whether TMTG intends to raise the full $3 billion as initially reported.
As of the first quarter of 2025, TMTG boasts financial resources totaling $759 million, which may be part of a broader financial strategy but does not directly relate to the $3 billion investment figure. As such, although TMTG has officially confirmed substantial investment in cryptocurrency, the validity of the full $3 billion plan remains uncertain beyond the initial Financial Times report.
- The Trump family's interest in technology-driven assets is evident, with their planned investment of around $2.5 billion in cryptocurrency through TMTG, which includes issuing common stock and convertible notes to establish a "bitcoin treasury."
- Despite the denial of the $3 billion figure by TMTG, the idea of such a significant venture into digital currencies, coupled with the Trump family's past interest in NFTs and memecoins, continues to support the growing speculation of President Trump's backing for cryptocurrencies.
