Citing sources familiar with the matter, the report says TMTG plans to raise $2 billion through fresh equity and another $1 billion via a convertible bond. Proceeds from the raise are expected to fund new crypto investments, including allocations to Bitcoin $BTC
Sources have told Financial Times that an announcement to this effect could come as soon as this week, with a likely venue of the blockbuster news set to be Las Vegas at the Bitcoin Conference. Notably, the event has lined up U.S. vice president JD Vance, White House crypto tsar David Sacks and Trump’s sons Eric and Donald Jr. as top speakers.
During his campaign and in comments following the election, president Donald Trump has repeatedly reiterated his support for crypto and the quest to make America the “crypto capital of the world”. Trump held a private dinner for top holders of the Official Trump 
$TRUMP
-1.01% Official Trumpmemecoin last week. The group included Tron ($TRX
founder Justin Sun.
As well as the TRUMP memecoin, Trump family’s footprint in crypto includes a stake in BTC mining firm American Bitcoin and the decentralized finance project World Liberty Financial. WLF recently unveiled its stablecoin USD1.