The 'Trump Media & Technology Group' (TMTG), which owns the 'Truth Social' platform, aims to raise about 3 billion dollars for the purpose of acquiring some cryptocurrencies, according to what 'Financial Times' reported from informed sources.
The plan indicates raising two billion dollars through the issuance of new shares, in addition to one billion dollars through convertible bonds, in a move similar to the strategy of 'MicroStrategy', which continues to buy Bitcoin funded by equity and debt.
This step is expected to be announced ahead of the Bitcoin 2025 conference in Las Vegas, which gathers prominent figures, including 'J.D. Vance', 'Donald Trump Jr.', 'Eric Trump', 'David Sacks', and 'Michael Saylor'.
According to sources, the volume of the offering has recently increased due to strong demand, while TMTG has neither confirmed nor denied these plans.
But it responded to the report sharply without providing details.
This move is seen as a sign of the deepening ties of the 'Trump' family to the digital asset space, following the launch of an NFT card, meme coins, and mining projects, along with investments in ETF funds in partnership with 'Crypto.com'.
TMTG's market value is estimated at around 6 billion dollars, and 'Donald Trump' Jr. oversees his father's 53% stake through a trust fund, giving him investment and voting authority.
Among the potential backers for the deal are companies 'BTIG' and 'Clear Street', according to the aforementioned sources.
