According to multiple media reports, the Trump Media & Technology Group (TMTG), controlled by the Trump family, plans to raise $2 billion through a new stock issuance and issue $1 billion in convertible bonds, totaling $3 billion in funding to purchase cryptocurrencies such as Bitcoin.

Market Reaction: This news has driven cryptocurrency prices up, with Bitcoin rising over 3%, currently reported at $110,000; Ethereum up over 2.4%, Solana up 4.48%, Dogecoin up 4.48%, and XRP up 2.1%.

Related Conference: This financing may be announced ahead of a large cryptocurrency investors conference to be held in Las Vegas this week. Vice President Vance, Donald Trump Jr., Eric Trump, and Trump's “crypto czar” David Sacks are expected to speak at the conference.

Previous Involvement in Crypto: This is not the first time the Trump family has ventured into the crypto space; they have previously launched NFT trading cards and meme coins like “TrumpCoin”, and have stakes in the crypto mining company American Bitcoin and stablecoin supporter World Liberty Financial.

Controversies and Risks: This plan has raised concerns about conflicts of interest, and the U.S. Securities and Exchange Commission (SEC) may investigate whether there is “self-dealing.” Additionally, large-scale capital inflows may exacerbate market speculation, and crypto ETFs need to be approved by the SEC, presenting uncertainties.