In brief
- Trump Media is planning to raise $3 billion to buy cryptocurrencies, the Financial Times reported on Monday, citing sources familiar with the matter.
- The company is aiming to bring in $1 billion through convertible bonds and $2 billion in fresh equity.
- The Trump family-owned company has made several forays into the crypto industry over the past few months.
Trump Media & Technology Group plans to raise $3 billion to purchase various digital assets, the Financial Times reported today, citing six people familiar with the matter.
If the deal comes to fruition it would be yet another sign of the company’s—and its owners’—deepening enmeshment with the cryptocurrency industry.
The Truth Social owner is aiming to rake in $2…
Jun 24 2025
