No Bitcoin War Chest: Trump Media Dismisses $3B Fundraising Report
Trump Media & Technology Group (TMTG), the parent company of Truth Social, has dismissed claims that it plans to raise $3 billion to invest in cryptocurrencies such as Bitcoin.
The denial follows a report by the Financial Times on May 26, 2025, which triggered speculation about TMTG’s financial strategy. The company’s recent moves into crypto-related financial products add context to the rumor, though TMTG maintains no such fundraising plan exists.
No Truth to $3 Billion Crypto Plan, Trump Media Declares
On May 26, 2025, the Financial Times reported that Trump Media was planning to raise $3 billion—$2 billion in equity and $1 billion in convertible bonds—to fund cryptocurrency purchases, citing six sources familiar with the matter.
The report referenced TMTG’s market position on May 23, 2025, when its stock (DJT) closed at $25.72, up 4.6%, with a market capitalization of $5.7 billion. Such growth would have been a massive percentage of TMTG’s value, equating to a dramatic move towards digital assets.
DJT Stock Price (Source: Google Finance)
Trump Media immediately dismissed the report, stating that “apparently the Financial Times has dumb writers listening to even dumber sources.”
As of May 27, 2025, no new developments contradict TMTG’s denial, suggesting the fundraising claim may come from unverified discussions or misinterpretations.
TruthFi and Crypto Moves Spark TMTG Funding Rumors
The rumors of TMTG’s stated fundraising are consistent with its recent ventures into the financial arena.
In January 2025, TMTG launched TruthFi, a platform offering investment products focused on cryptocurrencies, including Bitcoin, ETFs, and managed accounts. In March 2025, the company partnered with Crypto.com to launch ETFs through TruthFi, followed by a binding agreement in April to improve its digital asset offerings.
These moves reveal TMTG’s shift toward financial diversification and likely contributed to speculation about a large-scale crypto investment.
Despite these launches and partnerships, Trump Media’s denial shows no $3 billion fundraising plan is in place. The scandal reveals the challenges of managing market expectations as TMTG navigates its growing crypto strategy.
TMTG’s Crypto Denial Raises Bigger Questions
Had the Financial Times’ report been accurate, a $3 billion raise would have made Trump Media a major player in the crypto market, potentially affecting its stock performance and investor confidence.
The denial may stabilize market views and perceptions, but TMTG’s overall crypto activities continue to raise concerns and spark controversies. President Donald Trump’s endorsement of the $TRUMP meme coin in May 2025 has drawn ethical concerns, which has further added layers of complexities to TMTG’s financial narrative.
As of May 27, 2025, evidence supports TMTG’s claims that the $3 billion plan is not true. However, the company’s ongoing crypto plans, including TruthFi and ETF partnerships, suggest continued engagement with digital assets on a smaller scale.
