Trump Media & Technology Group (TMTG) plans to raise $3 billion through equity and convertible bonds to acquire cryptocurrencies like Bitcoin, according to Financial Times reports. The company behind Truth Social could announce the move at this week’s Bitcoin 2025 conference in Las Vegas, where Trump allies and crypto leaders will gather.
The capital raise includes $2 billion in new equity and $1 billion via convertible bonds, leveraging TMTG’s $6 billion valuation. This follows earlier announcements of a crypto-focused financial services platform and a partnership with Crypto.com to develop exchange-traded funds (ETFs).
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Trump Media’s Ambitious Crypto Strategy
TMTG’s plan mirrors tactics pioneered by Michael Saylor’s Strategy, which accumulated over 580,000 BTC using debt and equity financing. The company aims to diversify its holdings beyond social media, capitalizing on Bitcoin’s recent all-time high of $111,999.
- $2 billion from secondary equity offerings
- $1 billion via convertible bonds
- Valuation anchored at $25.72 per share
Bitcoin and Strategy’s Influence
Bitcoin’s 2025 rally has spurred corporate adoption, with Strategy alone holding $65 billion in BTC. TMTG’s proposed treasury strategy could position it as a major institutional holder, though skeptics question its ability to execute given its $58 million Q1 revenue.
| Company | Bitcoin Holdings | Market Cap |
|---|---|---|
| Strategy | 580,000 BTC | $100B+ |
| TMTG (Proposed) | Undisclosed | $6B |
Regulatory and Political Implications
Democrats have raised conflict-of-interest concerns, particularly regarding pending stablecoin legislation. Progressive lawmakers attempted to block officials from profiting from crypto ventures, though the bill advanced without this provision.
TMTG dismissed the FT report as “dumb writers listening to dumber sources” but hasn’t denied the plans outright. The company’s deepening crypto ties include NFT trading cards and memecoins like MAGA Coin.
Partnerships and Future Ventures
A proposed alliance with Crypto.com could see the exchange launch Trump-branded ETFs, expanding its footprint beyond payment processing. TMTG also plans to invest in Bitcoin mining through a stake in American Cyber.
Market analysts suggest the fundraising could face scrutiny given TMTG’s volatile stock performance. However, Bitcoin proponents argue corporate adoption signals long-term confidence in crypto’s viability.
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The proposed fundraise highlights growing institutional crypto adoption but risks politicizing digital asset markets. Success could pressure legacy firms to allocate to Bitcoin, while failure might fuel regulatory crackdowns on corporate treasury strategies.
