Trump Media & Technology Group (TMTG), the parent company of Truth Social and linked to former President Donald Trump, has unveiled a bold $3 billion investment plan aimed at Bitcoin and other cryptocurrencies. This move aligns with Trump’s promise to transform the United States into the world’s "crypto capital."
The funding plan includes:
$2 billion through equity funding
$1 billion via convertible bonds
This strategic initiative is expected to be officially announced ahead of a major crypto conference in Las Vegas, where key figures from the Trump family and crypto advisors are scheduled to speak.
This mirrors strategies used by companies like MicroStrategy, which have made headlines for their significant Bitcoin acquisitions. TMTG also hinted at launching a crypto-focused ETF, further solidifying their position in the digital asset space.
Meanwhile, Bitcoin has crossed $109,000, marking a new all-time high and signaling strong bullish momentum across the market.
This investment could be a game-changer, setting a precedent for other major institutions to follow especially with the 2024 U.S. elections looming and crypto becoming a central part of the political and economic discourse.