May 26, 2025
Trump Media to raise $3 billion to spend on cryptocurrencies
The company aims to secure $2 billion in new equity funding and $1 billion through a convertible bond.
May 26, 2025
Trump Media & Technology Group, the social media company behind Truth Social, plans to raise about $3 billion to invest in cryptocurrencies including bitcoin, according to a Financial Times report Monday citing sources familiar with the matter.
The company aims to secure $2 billion in new equity funding and $1 billion through a convertible bond. The terms, timing, and size of the capital raise remain subject to change.
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