Trump's media company is making a big bet on cryptocurrency with a plan to raise $3 billion while preparing to launch investment products marked 'America First'.

Trump Media & Technology Group (DJT), the company behind President Donald Trump's Truth Social platform, is planning to raise about $3 billion to invest in cryptocurrencies like Bitcoin, according to information from the Financial Times on May 26.

Specifically, informed sources say Trump Media plans to raise $2 billion through the issuance of new shares and the remaining $1 billion through convertible bonds. This is seen as a bold move as the company seeks to expand into the financial services sector, beyond social media and streaming.