• Tue, May 27, 2025

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Trump Media and Technology Group has rebuffed a report that it's planning to raise $3 billion to purchase Bitcoin and other cryptocurrencies.

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by: Forbes

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by: Insider

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by: wjla

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Trump Media Group denies it's raising $3B for crypto buys: Report

Trump Media and Technology Group has rebuffed a report that it's planning to raise $3 billion to purchase Bitcoin and other cryptocurrencies.
Donald Trump's media company, Trump Media & Technology Group (TMTG), is reportedly planning to raise $3 billion through a private placement to potentially acquire Bitcoin and other cryptocurrencies, according to a document seen by Cointelegraph. The funds would be used to expand TMTG's operations, including its social media platform Truth Social, and to invest in digital assets. The document suggests that TMTG aims to become a major player in the cryptocurrency space, leveraging Trump's influence to drive adoption and growth. However, the plans are still in the early stages, and it remains to be seen how they will be executed and received by the market.

Read the Full CoinTelegraph Article at:
https://cointelegraph.com/news/trump-media-group-raise-3b-buy-bitcoin-crypto

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Trump Media aims to raise $2 billion in fresh equity and $1 billion more through a convertible bond, the report said. The White House did not immediately respond to a request for comment. The company behind Truth Social, a streaming and social media platform, has been exploring potential mergers and acquisitions as it aims to diversify into financial services.