On 26 May, the Financial Times reported that Trump Media was planning to raise $3 billion in funds to invest in Bitcoin and other cryptocurrencies. According to the report, $2 billion of this fund was to be raised through stock issuance and $1 billion through convertible bonds.
Trump Media has categorically rejected these allegations, stating that they are unfounded. In a statement, the company described the Financial Times’ allegations, based on six unnamed sources, as frivolous and misleading. TMTG, the umbrella company of the Truth Social platform — Trump Media’s main product — emphasised that such a plan is not on their agenda.
Bitcoin conference and speculation
The report suggested that the substantial capital raise could be announced at this week’s Bitcoin 2025 Conference in Las Vegas. As of 23 May, Trump Media shares closed at $25.72, marking a 4.6% increase, and the company’s market capitalisation reached approximately $5.7 billion. This level would allegedly form the basis for pricing the share issue.
If confirmed, Trump Media would follow in the footsteps of publicly traded companies such as MicroStrategy (MSTR), Metaplanet, and Semler Scientific (SMLR), which have added Bitcoin as a strategic reserve asset to their balance sheets. These companies advocate holding Bitcoin as a hedge against high inflation and as a means of participating in digital financial systems, in order to promote sustainability.
Fintech startups and growing affinity for crypto
Trump Media has recently made its interest in crypto assets clear. In January, the company announced the creation of a fintech subsidiary called ‘Truth.Fi’ and received approval to invest up to $250 million of its $700 million cash reserves in crypto assets, exchange-traded funds (ETFs) and other digital financial products.
