Trump Media & Technology Group, linked to Donald Trump’s family, is reportedly looking to raise $3 billion to invest in cryptocurrency, according to the Financial Times. The alleged plan includes $2 billion in equity and $1 billion through convertible bonds.
TMTG responded with a sharp denial, saying: “Apparently the Financial Times has dumb writers listening to even dumber sources.” Despite that, the idea reflects Trump’s growing support for crypto, especially after recent gains in bitcoin.
The Trump family has previously explored the digital asset space through NFTs and memecoins. Donald Trump Jr. now controls the family’s stake in TMTG through a revocable trust.