In a statement that’s sparked fresh debate across the crypto and political landscapes, Trump Media and Technology Group (TMTG), the parent company of Truth Social, has formally denied reports that it plans to raise $3 billion for Bitcoin and crypto investments.
The original report, which circulated widely across financial media on May 26–27, 2025, claimed that TMTG was preparing a dual-raise of $2 billion in equity and $1 billion in convertible bonds to buy digital assets, particularly Bitcoin. However, the company has publicly rejected those claims, calling the stories inaccurate and based on unreliable sources.
“This report is entirely speculative. We are not confirming or pursuing such fundraising plans at this time,” a TMTG spokesperson said in a press note quoted by Cointelegraph.
Where the Rumor Started
The original claims appeared in a Financial Times article and were quickly picked up by major outlets like New York Post, CoinDesk, and The Daily Beast, all suggesting that the Trump-affiliated media company was preparing to enter the crypto space in a big way.
Key details reported included:
$3 billion in total capital raised
Investments in Bitcoin, a TruthFi ETF, and crypto infrastructure
Trump family members speaking at the upcoming Bitcoin conference in Las Vegas
A continuation of Trump’s aggressive crypto-forward policy shift since re-election
But Trump Media now says none of this is confirmed.
“These narratives are part of a media frenzy to connect our company to broader crypto policy conversations,” the company noted, adding that TMTG has no comment on speculative digital asset activity.
Why the Denial? Possible Explanations
Despite the public denial, many in the crypto industry are still curious, and skeptical. Here’s why:
1. Strategic Timing Before the Conference
With Trump-linked figures preparing to appear at the Las Vegas Bitcoin Conference, the company may want to avoid making front-running announcements or influencing markets prematurely.
2. Regulatory Concerns
Discussing major crypto investments ahead of formal filings could trigger scrutiny from the SEC or CFTC, especially with ongoing discussions around ETFs, corporate asset disclosures, and Trump’s crypto reserve initiatives.
3. Market Hype Management
TMTG’s current valuation sits near $6 billion, and sudden Bitcoin speculation could cause price volatility in Truth Social’s parent company stock ($TMTG), which may not be ideal ahead of key investor updates.
The Trump Family’s Crypto Trail Is Real
While this particular investment may be disputed, Trump’s pro-crypto pivot is undeniable. Since reclaiming the White House, the Trump administration has:
Signed an executive order forming a Strategic Bitcoin Reserve
Proposed a Digital Asset Stockpile to include altcoins like XRP and SOL
Created a White House Crypto Advisory Team, led by tech entrepreneur David Sacks
Engaged in NFT projects and the launch of memecoins like $TRUMP
Even if TMTG is not executing a $3 billion crypto raise today, it’s clear the Trump orbit is deeply embedded in blockchain finance.
“Trump is reshaping digital finance — even denials like this fuel speculation,” said analyst James Liu from ChainPolicy.
Industry Reactions Mixed
The crypto community remains divided. Some believe the denial is a smoke screen for more controlled announcements, while others think it’s an overblown narrative.
Supporters argue the denial is a prudent legal strategy ahead of formal ETF filings.
Critics believe the Trump family’s track record suggests something is definitely brewing.
In a world where Tesla tweets and ETF rumors can move markets, TMTG’s refusal to comment may only increase curiosity.
Conclusion
Trump Media’s denial of the alleged $3 billion Bitcoin investment plan may have cooled immediate speculation, but it hasn’t silenced the conversation. Whether this was misreporting or strategic ambiguity, one thing is certain, the Trump administration’s relationship with crypto is only getting deeper.
As the Las Vegas Bitcoin conference approaches, investors and crypto enthusiasts alike will be watching closely for any official announcements. If a surprise crypto push does emerge, it may not come as a shock, just a confirmation of what many already suspect.
FAQs
Did Trump Media confirm a $3B Bitcoin investment?
No. The company denied the report, calling it speculative and inaccurate.
Why do people still believe it might happen?
Trump’s administration has shown a strong pro-crypto stance, and multiple crypto ventures are already linked to his family.
What is TruthFi?
It’s the rumored name of a Bitcoin-focused ETF expected to be launched by TMTG, though not officially confirmed.
Is Trump involved directly with TMTG now?
After reelection, Trump transferred control of TMTG to a trust led by his son, Donald Trump Jr.
Glossary of Key Terms
TMTG: Trump Media & Technology Group, parent of Truth Social.
Convertible Bonds: Debt instruments that can be converted into equity.
TruthFi: Rumored Trump-linked Bitcoin ETF.
Strategic Bitcoin Reserve: Government-held Bitcoin reserve established by executive order.
Sources and References
Coinmedia.com
New York Post
AP News
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