Trump Media Raises $3 Billion for Crypto Investment

The Trump Media & Technology Group (TMTG) is reportedly planning to raise 3 billion dollars to invest in cryptocurrencies, including Bitcoin. The funds will be secured through a combination of 2 billion dollars in equity financing and 1 billion dollars in convertible bonds. This strategic move underscores the company's confidence in the potential of digital assets, which have garnered significant support from the .

TMTG, controlled by the Trump family, is exploring potential mergers and acquisitions to expand its business into financial services. Last month, the company entered into a binding agreement to launch various retail investment products, primarily focused on cryptocurrency-related exchange-traded funds (ETFs).

This funding initiative is expected to be announced before a major cryptocurrency investor conference in Las Vegas this week. Key figures, including Vice President Vance, Donald Trump Jr., Eric Trump, and David Sachs, who is known as Trump's "Crypto Czar," are anticipated to speak at the event. The demand for this funding has reportedly increased in recent weeks, leading to an expansion of the initial plans.

This move is the latest example of the Trump family's foray into the cryptocurrency sector, raising concerns about potential conflicts of interest. Trump has previously pledged to make the U.S. the "world's crypto capital."

TMTG's latest financing strategy is not unprecedented. MicroStrategy, the largest corporate holder of Bitcoin, has similarly raised funds through bond and stock issuances to acquire hundreds of billions of dollars worth of Bitcoin, driving its market value to over 100 billion dollars.

Last week, a notable "Trump Coin Gala" was held at the Trump National Golf Club in the Washington suburbs, attended by 220 guests who are major buyers of the Trump Coin. The event highlighted the growing interest and investment in cryptocurrencies associated with the Trump brand.

Following his re-election as President, Trump transferred approximately 53% of his TMTG shares, valued at around 3 billion dollars, to a revocable trust managed by his son, Donald Trump Jr. This trust holds sole voting and investment rights over the securities.