Thomas Daniels
Trump Media & Technology Group (TMTG), the entity behind former U.S. President Donald Trump’s Truth Social platform, is reportedly preparing to raise $3 billion to acquire Bitcoin and other digital assets. The fundraising, expected to be split between $2 billion in equity and $1 billion in convertible bonds, signals a strategic pivot into cryptocurrency treasury management.
According to individuals familiar with the matter, the equity portion is slated for issuance at market price as of May 23, when TMTG shares closed at $25.72—up 4.6% on the day—giving the firm a market capitalization of approximately $5.7 billion.
This approach aligns TMTG with companies such as MicroStrategy, Metaplanet, and Semler Scientific, which have used Bitcoin holdings as both an inflation hedge and a defensive strategy against economic stagnation. These firms view crypto allocations as a way to avoid becoming “zombie companies.”
The Trump family’s increasing involvement in digital assets has raised ethical and regulatory concerns. TMTG’s intensified crypto ambitions come amid broader scrutiny of Donald Trump’s personal and political ties to the industry. Recent Democratic opposition has centered on Trump’s crypto initiatives, including the $TRUMP and $MELANIA memecoins, a non-fungible token (NFT) series, a dollar-pegged stablecoin, and a decentralized finance entity, World Liberty Financial.
Critics argue that Trump’s crypto holdings and ventures could pose conflicts of interest, especially as he remains an influential political figure. These concerns are further fueled by reports that he transferred his 53% ownership in TMTG to a revocable trust managed by Donald Trump Jr.
The proposed capital raise is expected to precede the Bitcoin 2025 conference in Las Vegas, where high-profile Trump affiliates, including Eric Trump and Donald Trump Jr., are scheduled to appear. The timing and scale of this investment move underscore TMTG’s ambitions to shape the digital asset economy while highlighting the challenges of separating political power from private financial interests.
