Trump Media reportedly plans $3B raise for crypto buys via equity raise, bond backing
Trump Media and Technology Group (TMTG) plans to raise $3 billion to purchase Bitcoin (BTC) and other crypto, as the Financial Times reported.
The report cited six people briefed on the transaction, who said the company intends to sell about $2 billion in new equity and another $1 billion of convertible bonds.
Additionally, the sources said the offering size grew in recent weeks as demand strengthened, and TMTG may unveil the plan at a crypto-investor gathering in Las Vegas, where Vice President JD Vance, Donald Trump Jr., Eric Trump, and the “Crypto Czar” David Sacks will speak.
People involved in the discussions said that if TMTG completes the offering at the targeted size, it would immediately deploy roughly half the proceeds to buy…
