TRUMP MEDIA DENIES $3B CRYPTO INVESTMENT CLAIMS AMID FT REPORT

- Trump Media and Technology Group (TMTG) has slammed a recent Financial Times (FT) report claiming it plans to raise $3 billion to buy Bitcoin.

- The company dismissed FT's unnamed sources as “dumb” and the writers “even dumber.”

- The FT article said TMTG aims to raise $2 billion through new stock sales and $1 billion via convertible notes, following a crypto treasury investment model seen in other firms. Yet, no official filings or supporting documents have surfaced to back this claim.

- If true, such a raise would be huge — rivaling the company’s entire $5.7 billion market cap and placing TMTG among a handful of public companies holding Bitcoin on their balance sheets.

- TMTG has previously ventured into digital assets, launching Truth(.)Fi in January with plans to invest up to $250 million in Bitcoin, other cryptocurrencies, and ETFs.

- The firm is also partnering with Crypto(.)com as custodian and intends to launch a native token and digital wallet tied to its Truth Social platform.

- US President Trump has actively promoted Bitcoin and crypto mining. He also hosted a controversial “memecoin dinner” at Mar-a-Lago attended mostly by offshore buyers.

- However, the recent $3 billion crypto investment claims remain purely speculative, despite the attention they have drawn.