FT: Trump's media company plans to raise $3 billion for cryptocurrency purchases

Trump Media and Technology Group (TMTG), owned by Donald Trump's family and managing the social network Truth Social, intends to raise $3 billion for investments in cryptocurrencies, including Bitcoin. This was reported by the Financial Times, citing six informed sources.

According to the plan, $2 billion is expected to be raised through a stock placement, and another $1 billion through the issuance of convertible bonds. FT's sources claim that the deal's volume has increased in recent weeks due to high investor interest.

Final parameters may change. An announcement is expected to be made as early as this week before the major cryptocurrency conference Bitcoin 2025 in Las Vegas, where Vice President JD Vance, President Trump's sons Donald and Eric Trump, as well as the White House 'crypto czar' David Sachs will speak.

According to the publication, TMTG's strategy resembles Michael Saylor's Strategy model, which buys Bitcoin through stock issuance and convertible bonds. TMTG shares are traded on the stock exchange, with the company's market capitalization at about $6 billion.

White House representatives declined to comment. TMTG itself stated that Financial Times has 'silly'