thecryptobasic.com
Trump Media & Technology Group (TMTG), led by President Donald Trump’s family, has denied recent reports claiming it was planning to raise $3 billion to invest in Bitcoin and other digital assets.
The denial follows a report by the Financial Times (FT) on May 26, which claimed the company aimed to raise $2 billion in equity and another $1 billion via a convertible bond.
However, TMTG has criticized the report. It stated that the publication relied on unreliable sources and criticized both the accuracy of the claims and the credibility of the sources cited in the article.
FT Report Cites Anonymous Sources on Alleged Plan
According to the Financial Times, six unnamed individuals familiar with the matter confirmed that TMTG had been preparing the multi-billion-dollar fundraising plan. The report added that the announcement could coincide with a crypto-focused event scheduled this week in Las Vegas.
U.S. Vice President JD Vance, Trump’s sons Donald Jr. and Eric, and crypto advisor David Sacks will attend the event.
The FT report also noted that ClearStreet and BTIG were among the brokerages considered potential underwriters for the proposed offering. It further reported that the size of the deal had been increased in recent weeks, allegedly due to growing demand.
However, in its rebuttal to these claims, TMTG remarked that the Financial Times relied on poor reporting and even worse sources.
Trump Media and Technology Group has denied a Financial Times report claiming it plans to raise $3 billion—through $2 billion in equity and $1 billion in convertible bonds—to purchase Bitcoin and other cryptocurrencies, calling the publication’s sources “dumb” and its writers… https://t.co/nJDSFE9doI
— Wu Blockchain (@WuBlockchain) May 26, 2025
Ongoing Crypto Activity by TMTG and the Trump Family
While TMTG has refuted the recent $3 billion claim, the company has previously entered the digital asset space. In January, it launched Truth.Fi with a goal to allocate up to $250 million into Bitcoin, other cryptocurrencies, and exchange-traded funds.
Additionally, the company is working with Crypto.com as a custodian and intends to roll out a digital wallet and a native token linked to the Truth Social platform.
Furthermore, President Trump has maintained an active presence in crypto. Last week, he hosted a private gala dinner at his Washington-area resort for holders of his memecoin. Meanwhile, per FT, following his re-election, Trump transferred his 53 percent stake in TMTG to a revocable trust, controlled solely by his son Donald Jr.
Strategy Increases Bitcoin Holdings
While Trump Media disputed claims of a crypto purchase, corporate activity in the digital asset space continued. Strategy, formerly MicroStrategy, recently acquired 4,020 BTC for approximately $427.1 million, bringing its total holdings to 580,250 BTC.
The average purchase price across all acquisitions is $69,979 per Bitcoin, with a cumulative investment reaching $40.61 billion. As of May 25, 2025, the company reported a 16.8% year-to-date yield on its Bitcoin holdings. Strategy confirmed that proceeds from its Common ATM, STRK ATM, and STRF ATM offerings financed the latest purchase.