Trump Media Aims to Secure $3 Billion for Cryptocurrency Acquisition: FT

Trump Media and Technology Group, responsible for the social media platform Truth Social, is set to pursue a fundraising initiative of $3 billion aimed at acquiring cryptocurrency assets. Reports indicate that this fundraising effort will blend both equity and convertible bond offerings, with an announcement anticipated during the Bitcoin 2025 event taking place in Las Vegas this week.

This development aligns with a trend where an increasing number of publicly traded companies are integrating cryptocurrencies into their financial portfolios, especially Bitcoin. Many are taking cues from the strategy employed by MicroStrategy, which has established itself as the largest corporate holder of Bitcoin, amassing over $62 billion in its treasury by utilizing a mix of equity and debt for funding its acquisitions.

Earlier this year, Trump Media outlined plans to create a financial services platform that emphasizes cryptocurrency and tailored exchange-traded funds. Additionally, the company expressed intentions to collaborate with Crypto.com to introduce these ETF products to the market.