🚨 Trump’s $3B Crypto Bet? Media Giant Poised to Shake the Markets

According to The Financial Times, Trump Media and Technology Group (TMTG), the Trump-backed firm behind Truth Social and Truth+, is intending to raise $3 billion to invest in cryptocurrencies.

According to the article, the business intends to raise $1 billion via convertible note offers and $2 billion via fresh stock issuing. Nonetheless, the proposal is still under flux, including its parameters and implementation schedule as well as its Financial Times cited people familiar with the topic pointed out.

At the Bitcoin Conference in Las Vegas, where Vice President JD Vance and Eric and Donald Jr., President Donald Trump's sons, are scheduled to speak, TMTG might reveal the purportedly cash raising plan.

But TMTG attacked The Financial Times story, calling its authors "dumb" and the sources "even dumber," based on a comment quoted in the piece.

Aiming to buy cryptocurrencies and exchange-traded funds (ETFs) via its Fintech affiliate Truth.Fi, TMTG's recent foray into digital assets is followed in this new move. As part of a larger diversification strategy, the business revealed in January the establishment of Truth.Fi, with intentions to invest up to $250 million in digital assets including Bitcoin, other cryptocurrencies, ETFs and separately managed accounts (SMAs).

Although the goods are expected to hit the market in 2025, the business is already looking to collaborate with Crypto.com as the guardian of these assets.

In April, Trump Media also said that it will introduce a native utility token and digital wallet in line with a larger plan to profit from Truth Social and the Truth+ streaming platform.

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