Trump Media & Technology Group reportedly plans to raise $3 billion to buy bitcoin and other cryptocurrencies — financing the investments with proceeds from share sales — according to a Monday report from the Financial Times.
TMTG appears not to have pulled any punches when responding to the Financial Times story, which cited six anonymous sources. “Apparently, the Financial Times has dumb writers listening to even dumber sources,” Trump’s media company said in a statement, according to the news report.
The Block reached out to TMTG for comment on the matter.
The supposed $3 billion capital raise would — if true — complement TMTG’s growing connection to crypto-related developments. Last month, the media firm revealed plans to explore a utility token in a letter sent to shareholders. This followed a finalized agreement with Crypto.com to launch a fleet of “Made in America” exchange-traded funds based on digital assets and stocks.
Back in January, TMTG unveiled a fintech startup with crypto investment plans, dubbed Truth.Fi. The new venture was approved to invest up to $250 million of its over $700 million in cash reserves into traditional investment vehicles, SMAs, ETFs, bitcoin, and “similar cryptocurrencies or crypto-related securities.”
Elsewhere, World Liberty Financial, another entity affiliated with the U.S. President and his family, issued the USD1 stablecoin used to close a $2 billion investment deal between Abu Dhabi’s MGX and Binance.
Trump’s crypto influence has been scrutinized by legislators on Capitol Hill, with Democrats styling the President as the “King of Crypto.” Policymakers also used his ties to the industry as a roadblock to throttle progress around a key stablecoin bill.
During his campaign trail, Trump vowed to make the United States the world’s crypto capital. Also, the President signed an executive order to establish the country’s first national Strategic Bitcoin Reserve.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
