Amid swirling speculation, Trump Media & Technology Group (TMTG), overseen by Donald Trump’s family, is reportedly exploring a $3 billion fundraising effort aimed at cryptocurrency investments, according to unnamed sources cited by the Financial Times.
The plan allegedly includes $2 billion in equity and $1 billion via convertible bonds, though TMTG dismissed the claims, stating: “Apparently the Financial Times has dumb writers listening to even dumber sources.”
Despite the denial, the rumored initiative aligns with Trump’s pro-crypto rhetoric and follows a surge in bitcoin’s value. The Trump family has previously ventured into digital assets, including through NFTs and memecoins. Donald Jr. now controls the family’s TMTG holdings through a revocable trust.
