On Monday, Financial Times and Reuters reported that Trump Media & Technology Group (TMTG) — the parent company behind Truth Social — is preparing to raise $3 billion to fund a major push into cryptocurrencies, including Bitcoin.
According to sources cited by FT, the fundraising would involve $2 billion in new equity and $1 billion through convertible bonds, with proceeds intended to fuel crypto investments and retail financial products tied to Trump’s “America First” brand.
However, shortly after the reports were published, TMTG issued a sharp denial, reportedly telling Reuters that both it and the Financial Times are “fake news” outlets, dismissing the story outright.
Even before this report, Trump Media’s financial ventures were already attracting attention from regulators and ethics watchdogs, particularly after the firm signed a binding agreement last month to launch retail investment products — including crypto and ETFs aligned with Trump’s platform.
Analysts have raised questions about the potential conflicts of interest tied to these offerings, especially given Trump’s political influence and media presence.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Related:
China has quietly relaxed export restrictions on rare earth elements
Hedge funds are shorting stocks again, boosting leverage to new record
Trump says he’ll delay a threatened 50% tariff on the European Union until July
Angry Elon Is Back — And He’s Betting Big on Driverless Teslas and AI
Elon Musk’s Qatar Meltdown: “NPCs,” Jeffrey Epstein, Tesla Denial, and Prison Promises
Trump Escalates EU Trade Clash With 50% Tariff Threat: “The Deal Is Set”
Most Trump Crypto Dinner VIPs Have Moved or Dumped Their Coins: Inside of Dinner
US at risk of stagflation, Fed right to hold: Jamie Dimon
Why ‘Sell America’ is trending on Wall Street
Trump’s ‘Big, Beautiful Bill’ Moves Forward — But Sparks Backlash Over Debt and Benefit Cuts
