The Trump Media & Technology Group (TMTG), the company behind Truth Social and tied to the family of U.S. President Donald Trump, is reportedly planning to raise $3 billion (roughly R$17 billion) to dive into the cryptocurrency market, with a focus on Bitcoin (BTC). According to a report from the Financial Times published on Monday (May 26), sources close to the matter say the company is looking to secure $2 billion through a new stock issuance and another $1 billion via convertible bonds, which can later be swapped for shares. The plan, which could still see tweaks in its scope or timeline, is expected to be unveiled at an event in Las Vegas alongside investors and crypto enthusiasts. The event will feature big names like Vice President JD Vance, Trump’s sons Donald Jr. and Eric, and David Sacks, recently appointed as Trump’s “crypto czar.”
Taking a Page from Crypto Heavyweights
TMTG’s strategy seems to draw inspiration from companies like Strategy (formerly MicroStrategy), which became a major Bitcoin holder by raising billions through debt and stock offerings. In Brazil, Méliuz (CASH3) took a similar path, snapping up $28.4 million in Bitcoin in 2025, boosting its stock by 180% this year despite a shaky quarterly performance.
Beyond direct crypto investments, TMTG is eyeing the launch of an exchange-traded fund (ETF) focused on digital assets, positioning the company closer to an investment fund model. The group is already dabbling in the crypto space with projects like a collection of NFTs, memecoins such as $TRUMP and $MELANIA, a decentralized finance platform (World Liberty Financial), and even a Bitcoin mining operation.
TMTG’s Response and Market Buzz
TMTG fired back at the Financial Times report with a cheeky statement, saying, “Apparently, the Financial Times has clueless writers listening to even more clueless sources,” neither confirming nor denying the specifics of the fundraising plan. Still, the news sent ripples through the market, with TMTG shares (NASDAQ:DJT) closing at $25.72 on Friday (May 23), up 4.6%, and a market cap hovering around $5.7 billion.
Political Context and Pushback
The move comes as the Trump administration doubles down on its pro-crypto stance, with the president promising during his campaign to make the U.S. the “crypto capital of the world.” Bitcoin’s recent surge past $109,000 last week reflects the market’s enthusiasm for these policies. However, the Trump family’s deep ties to crypto have sparked criticism, particularly from Democratic lawmakers who see potential conflicts of interest. A gala dinner hosted by Trump on May 22 for investors in his memecoin only fueled those concerns.
What’s at Stake
If the $3 billion fundraising plan goes through, TMTG could become a major player in the crypto world, but it’s likely to face heightened scrutiny from regulators and ethical watchdogs, given its close ties to the White House. The crypto market’s volatility—evident in the $TRUMP memecoin, which hit a $14.5 billion market cap shortly after launch but has since lost two-thirds of its value—underscores the risks of such a bold bet.
This push by TMTG marks another step in the Trump family’s growing embrace of crypto, from NFTs to DeFi platforms. It’s anyone’s guess how the market and regulators will react to their latest venture.
Stay tuned to xstpnews for the latest on crypto and financial markets!
