- Trump Media and Technology Group plans to raise $3 billion through equity and convertible bonds.
- The funds will be used to buy Bitcoin and other cryptocurrencies, according to the company’s strategy.
- The planned raise includes $2 billion in equity and $1 billion in convertible bonds, with share sales based on the May 23 market price.
- The move may draw more scrutiny due to Donald Trump’s growing involvement in cryptocurrencies and potential conflicts of interest.
- Trump Media transferred the majority ownership to a trust managed by Donald Trump Jr.
Trump Media and Technology Group, the company behind the Truth Social platform, has announced plans to raise $3 billion to invest in Bitcoin and other cryptocurrencies. The fundraising will come from both equity and convertible bonds, aiming to follow similar treasury management strategies used by other crypto-focused firms.
The company intends to issue $2 billion in equity and $1 billion in convertible bonds, which can convert to shares in the future. Shares are expected to be sold at their market value as of May 23, when the stock closed at $25.72 with a market capitalization of $5.7 billion. This approach has also been used by companies like Strategy and Metaplanet, which put part of their assets into Bitcoin as a hedge against inflation.
Some companies pursuing similar cryptocurrency strategies state that investing in crypto helps them avoid becoming “zombie companies”—businesses with little growth and high debt. Trump Media has not commented on the details of the plan, according to reports.
The move is expected to increase regulatory and political scrutiny of the Trump family’s involvement in the crypto sector. Recent protests and political debate have targeted bipartisan cryptocurrency legislation, particularly after a memecoin dinner hosted by Donald Trump on May 22. The Trump family’s crypto ventures include non-fungible token (NFT) collections, memecoins such as Official Trump (TRUMP) and Melania (MELANIA), and a dollar-pegged stablecoin.
According to reported sources, Donald Trump transferred his 53% stake in Trump Media to a revocable trust managed by Donald Trump Jr.. Critics argue that such crypto investments may raise conflict of interest issues since he could influence regulations affecting these holdings.
For share price and further financial information, readers can visit the company’s page on Google Finance.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
Previous Articles:
- Dubai Launches First Tokenized Real Estate Platform, Prypco Mint
- Bitcoin Hits $112,000 ATH: Tech Stock or Digital Gold Debate Grows
- Crypto Firm Caladan Opens NYC Office Amid Pro-Crypto U.S. Shift
- Sonic Labs Partners With Chainwire to Boost PR for Developers
- OpenFX Raises $23M to Expand 24/7 Global FX Payments Platform
