Trump Media Reportedly Raising $3 Billion for Crypto Purchases
Trump Media & Technology Group is reportedly planning to raise $3 billion to purchase cryptocurrencies.
The company, which is controlled by President Donald Trump’s family and is behind his Truth Social platform, plans to raise $2 billion in fresh equity and another $1 billion through a convertible bond, the Financial Times (FT) reported Monday (May 26), citing six people briefed on the matter.
The report said the fundraising plans could be announced before a high-profile meeting of crypto investors and advocates in Las Vegas this week, with scheduled speakers like Vice President JD Vance, Trump’s sons Donald Jr and Eric, and Trump’s crypto czar David Sacks.
Trump Media issued a statement to the FT suggesting the…
