Trump Media reportedly planned $3Bn fundraise to invest in crypto, group denies
Trump Media & Technology Group (TMTG) – the company behind the Truth Social platform – has reportedly planned to raise $3 billion to invest in cryptocurrencies, including Bitcoin. According to a report by Financial Times, the proposed fundraising strategy includes $2 billion in new equity and $1 billion through a convertible bond. The group however, has denied the said report and related rumours.
The fundraising announcement is anticipated before a major crypto summit in Las Vegas, where prominent family members, Vice-President JD Vance and Trump’s crypto adviser are expected to speak. This move is also seen as part of President Trump’s broader commitment to positioning the US as a global leader in digital assets.
Notably,…
