US EditionTrump Media to raise $3 billion to spend on cryptocurrencies, FT reports
- Trump Media and Technology Group revealed that approximately 50 institutional investors have committed a total of $2.5 billion through purchases of common shares and convertible senior notes to fund a bitcoin treasury.
- This move follows a strategic shift as Trump, once skeptical and critical of cryptocurrencies, has recently embraced crypto amid assurances from industry backers at a May 2024 Mar-a-Lago event.
- The company plans to use $1.5 billion from common stock sales and $1 billion from convertible notes to create a bitcoin treasury managed by Crypto.com and Anchorage Digital.
- Trump Media CEO Devin Nunes called the purchase a 'first acquisition of a crown jewel asset' that will help defend the company against financial institutions' 'harassment and discrimination.'
- Shares of Trump Media fell 9% after the announcement, while the move positions the firm as a major crypto player but raises regulatory and transparency concerns about crypto fundraising.
221 Articles
221 Articles
Trump Media Confirms $2.5B Capital Raise to Buy Bitcoin
Trump Media & Technology Group, the Trump family-controlled company behind Truth Social, has confirmed it will raise $2.5 billion to invest in bitcoin, reversing a blunt denial of a Financial Times report that it was set to embark on a multibillion-dollar capital raise for crypto investment. The company’s unapologetic about-face comes only a day after it lashed out at the FT, which it accused of having “dumb writers listening to even dumber sour…
ThePatriotLight - Trump Media announces $2.5B Bitcoin treasury deal
ThePatriotLight - Photo: Alamy Trump Media & Technology Group Corp., the parent company of platforms including Truth Social, streaming service Truth+, and the financial technology brand Truth.Fi, has announced it is raising roughly $2.5 billion through a private placement deal involving around 50 institutional investors. Under the terms of the agreement, the company will issue approximately $1.5Trump Media announces $2.5B Bitcoin treasury deal
“Mt. Everest of Corruption”: Crypto Investors Buy Access to President; Trump Expands Bitcoin Holdings
We speak with Robert Weissman of Public Citizen about Donald Trump’s various conflicts of interest after Trump hosted a private dinner at his Virginia golf club for the 220 top buyers of his $TRUMP cryptocurrency. The Trump family has also announced it is expanding its holdings in cryptocurrencies, with the Trump tech startup set to raise $2.5 billion to invest in bitcoin. “There’s millions of losers for every few winners in the crypto game. Tru…
Trump's Truth Social raises $2.5 billion from undisclosed sources to buy Bitcoin
As a media company, Trump Media & Technology Group (TMTG), the parent company of Truth Social, is a failure. According to its latest SEC filings, TMTG generated just $821,200 in revenue in the first quarter of 2025 against $40 million in expenses. For the entire year of 2024, the company generated $3.6 million in revenue and incurred $189 million in expenses. The company, tellingly, does not disclose the number of users it has. But its anemic re…
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