Anushka Basu
2 min read
Trump Media is reportedly planning a major move into crypto, raising $3 billion to invest in digital assets, focusing on Bitcoin.
The capital raise will consist of $2 billion of equity and $1 billion of convertible bonds. An announcement is reportedly to take place during a high-profile cryptocurrency event soon to be held in Las Vegas.
Vice President JD Vance, Donald Trump Jr., Eric Trump, and David Sacks, the administration's unofficial crypto czar, will attend the event.
On Monday, the company's share price was $25.72, with a value of almost $6 billion. The shares will likely be issued at the market price (ATM) terms. This planned expansion comes during a generalized push during the Trump administration to make the U.S. the global “crypto capital.”
The Trump family is engaged with NFTs, memecoins, mining investments, and a planned crypto ETF.
Trump transferred his 53% TMTG stake, valued at approximately $3 billion, to a trust managed by Donald Trump Jr., who now has all of the investment authority.
A special purpose acquisition company led by Brandon Lutnick, son of Commerce Secretary Howard Lutnick, completed a $3.6 billion acquisition of Twenty One Capital, a Bitcoin investment firm funded by Tether and Softbank.
Last month, Ripple announced a $1.25 billion acquisition of crypto prime brokerage Hidden Road, highlighting their conviction that institutional investment in digital assets will increase under the Trump administration.
The Financial Times cites sources who expect the new administration to bring more crypto-related deals, especially the SPAC transaction.
However, several members of Congress are deeply concerned by President Trump's inherent ties to various cryptocurrencies, such as the TRUMP meme coin, along with other incidents from his ever-growing role in the crypto space, and claim the President is acting unethically.
The President's critics believe he's been conflating his role in public service with his own for-profit business, profiting from those digital assets, all while being the President of the USA.
Trump’s company has a shocking new plan to raise $3 billion first appeared on TheStreet on May 26, 2025
