Trump Media Plans $3 Billion Raise to Buy Bitcoin, Other Crypto: FT

Trump Media & Technology Group Aims to Raise $3 Billion for Digital Asset Expansion

Trump Media & Technology Group (TMTG) is making waves with plans to secure $3 billion for acquiring digital assets, as reported by the Financial Times. Six sources familiar with the matter confirmed the ambitious strategy, highlighting the company's deepening connections with the crypto sector.

This fundraising effort marks a pivotal moment for TMTG, the parent company behind Truth Social. The breakdown includes $2 billion in new equity and another $1 billion via convertible bonds.

Though specifics like timing and final amounts may shift, this initiative clearly demonstrates TMTG's push to grow its digital presence and leverage opportunities in the expanding cryptocurrency space. As of now, the company hasn't provided comments to Decrypt regarding these developments.