Trump Media Firm Denies $3 Billion Crypto Fundraising Plan Amid Reports of Equity and Bond Strategy

Trump Media says it is not raising $3 billion for crypto and denies all claims made in a recent report.

The company behind Truth Social rejects plans to fund crypto purchases through equity and convertible bonds.

The Financial Times report linked Trump Media to digital assets but the company says no such strategy exists.

Trump Media and Technology Group (TMTG), the company behind Truth Social, has denied reports of a $3 billion crypto fundraising plan. The firm dismissed the Financial Times article that suggested TMTG would raise $2 billion through equity and $1 billion via convertible bonds. It labeled the claims as inaccurate and rejected the sources cited in the report

TMTG stated that it has no such plans to raise capital for cryptocurrency purchases. The denial came shortly after the story spread widely across digital media platforms.

Report Ties Trump’s Firm to Expanding Crypto Interests

According to the Financial Times, TMTG intended to mirror strategies used by other firms that built crypto holdings through debt and equity. The article highlighted past digital asset efforts by the Trump family, including memecoins and NFT collections. It suggested the family was increasing its involvement in digital finance through a larger plan involving TMTG

The report also claimed TMTG was preparing to launch investment products aligned with Trump’s national economic priorities. These products, it said, were part of a strategy to make the U.S. a global leader in the crypto sector.

Family Ties and Underwriting Speculation

The Trump family’s role in TMTG remains central, with Donald Trump Jr. managing a 53% stake held in trust. This trust provides full voting and investment control within the company. Despite the denial, TMTG shares closed at $25.72 on Friday, with the firm’s market value nearing $6 billion

The Financial Times reported that the fundraising could involve ClearStreet and BTIG as underwriters. It also mentioned recent private events hosted by Trump for top memecoin investors, further linking the family to digital asset expansion.

TMTG has also been exploring mergers and acquisitions in financial services, according to the same report. These potential moves would allow the company to diversify its offerings and grow its market reach

The firm was said to be considering ETFs in partnership with major crypto exchanges. Though TMTG has publicly denied the fundraising story, market speculation continues to follow its activities. The company maintains that it has no fundraising plans underway.