BCGAME - Free 5BTC Daily Bonus!- Trump Media wants to raise $3 billion in cryptocurrencies
- Deal May Include Bitcoin and Cronos ETFs
- Donald Trump Jr. leads stake valued at $3 billion
Trump Media and Technology Group (TMTG), which is responsible for the social network Truth Social, is in search to raise $3 billion to invest in the cryptocurrency sector, according to information released by the Financial Times based on sources close to the plan. The company is reportedly targeting $2 billion in assets and another $1 billion via convertible bonds.
The move is comparable to the approach taken by Strategy, which recently added 4.020 BTC to its portfolio and has been financing its acquisitions with equity and debt offerings. According to the FT, an official announcement about the fundraising plan could come before the start of the Bitcoin Conference 2025, scheduled for May 27-29 in Las Vegas.
The event will be attended by figures linked to the former US president, such as Vice President JD Vance, his sons Donald Jr. and Eric Trump, as well as crypto advisor David Sachs. Michael Saylor will also participate, along with other relevant names in the sector.
According to sources heard by the report, the offering was expanded in recent weeks due to significant interest from investors. TMTG has not officially confirmed the plans, limiting itself to criticizing the published content without offering new clarifications.
The move represents another step by the Trump family into the cryptocurrency sector. The former president has already stated that he intends to transform the United States into the “cryptocurrency capital of the world,” at a time when Bitcoin reached a record high of US$109 last week.
TMTG's market value is approaching $6 billion, and the new secondary share increase is expected to follow current market conditions, with shares being offered close to Friday's close of $25,72.
The group’s previous investments include an NFT card, two meme coins, a mining company called American Bitcoin and stablecoin sponsor World Liberty Financial. TMTG also plans to launch ETFs tied to Bitcoin and the Cronos token in partnership with Crypto.com.
Possible underwriters for the deal include ClearStreet and BTIG. Management of the majority 53% stake in TMTG, valued at about $3 billion, is currently in the hands of Donald Trump Jr., who controls the shares through a revocable trust with exclusive voting power.
