Trump Media & Technology Group (TMTG), the parent company of Truth Social and controlled by President Donald Trump’s family, is reportedly planning to raise $3 billion to invest in cryptocurrencies, including Bitcoin. According to a Financial Times report dated May 27, the fundraising effort includes a $2 billion equity offering and a $1 billion convertible bond.

The company’s expansion into digital assets marks a significant strategic shift—and raises questions about the overlap between presidential influence, family-controlled businesses, and financial policy.

TMTG Targets Crypto Market with Unprecedented Media-Backed Raise

Sources familiar with the plan indicate the announcement may be made during a crypto conference in Las Vegas this week, where Vice President JD Vance, Donald Trump Jr., and Eric Trump are scheduled to speak, alongside crypto advocate and advisor David Sacks.

If completed, the $3 billion raise would position Trump Media among the largest media firms to directly acquire crypto assets. The Trump family already holds interests in meme coins, NFTs, and stablecoin ventures, and this move would significantly deepen their involvement in the space.

The company’s official response to the report was dismissive and combative. “Apparently, the Financial Times has dumb writers listening to even dumber sources,” TMTG said in a public statement.

Notably, President Trump transferred control of his TMTG shares to a revocable trust managed by Donald Trump Jr. following his return to office. Shares of the company closed at $25.72 last Friday, giving it a market cap of nearly $6 billion.

The firm’s strategy resembles that of companies like MicroStrategy, which have also acquired large Bitcoin reserves through leveraged capital raises.

Ethical Scrutiny Mounts Over Presidential Ties to Crypto Holdings

President Trump has made pro-crypto policies a key part of his platform, recently pledging to transform the U.S. into a global digital asset hub. However, his family’s deepening financial exposure to crypto—particularly through TMTG—has drawn the attention of ethics watchdogs and lawmakers.

Concerns are mounting that the president’s proximity to large-scale crypto investments could blur the lines between public policy and private gain. Unlike traditional industries such as real estate, crypto markets are volatile and highly sensitive to regulatory announcements.

The structure of the revocable trust managing Trump’s holdings adds another layer of opacity. Current ethics laws do not require full transparency for trusts unless they generate reportable income for the officeholder.