On May 27, 2025, according to reports from multiple informed sources, the Trump Media & Technology Group (TMTG), controlled by the Trump family, plans to raise $3 billion to purchase cryptocurrencies such as Bitcoin. The group intends to raise $2 billion through a new stock issuance and refinance $1 billion through convertible bonds. Two people familiar with the plans stated that due to strong demand, the financing scale has expanded in recent weeks. It is reported that this financing may be announced before a major cryptocurrency investor conference to be held in Las Vegas this week. Last month, TMTG reached a binding agreement to launch various retail investment products, primarily exchange-traded funds (ETFs) related to cryptocurrencies. Trump's support for cryptocurrencies has fueled a trading boom in related assets, and last week, the price of Bitcoin broke through the $110,000 mark for the first time.