Trump Media & Technology Group (TMTG), the company behind the Truth Social platform, is planning a bold $3 billion capital raise to invest in cryptocurrencies like Bitcoin, according to reports.
Sources close to the company told the Financial Times that TMTG is preparing to raise $2 billion in equity and another $1 billion through a convertible bond.
The announcement may come as early as this week, just before a major crypto summit in Las Vegas. The event will feature key figures from the Trump orbit, including Vice President JD Vance, Donald Trump Jr., Eric Trump, and Trump’s crypto adviser David Sacks.
TMTG’s fundraising strategy appears to mirror companies like Strategy (formerly MicroStrategy), which has seen its market value skyrocket after aggressively acquiring Bitcoin through debt and equity offerings.
The Trump family has become increasingly active in the cryptocurrency space over the past year. Their ventures include NFT trading cards, memecoins, and investments in firms like American Bitcoin and stablecoin company World Liberty Financial. TMTG also reportedly plans to launch a crypto-focused exchange-traded fund.
In response to questions about the coverage, the company stated, “Apparently the Financial Times has dumb writers listening to even dumber sources,” and declined further comment.
TMTG’s shares closed last Friday at $25.72, giving the company a market valuation of nearly $6 billion. The planned share issuance will be conducted on an at-the-market basis, meaning shares will be sold close to their current price.
President Trump, who transferred his majority stake in TMTG to a trust overseen by Donald Trump Jr. after last year’s re-election, has repeatedly pledged to make the U.S. the “crypto capital of the world.” His administration’s openness to digital assets has sparked a surge of institutional interest in the space. Bitcoin recently hit a new all-time high of $109,000.
As the Trump administration pushes for broader adoption of blockchain technology, industry insiders anticipate a wave of crypto-focused deals, especially among blank-check firms and private equity players.