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Trump Media & Technology Group (TMTG) is reportedly preparing a $3 billion crypto war chest, aiming to immediately spend $1.5 billion on Bitcoin. If executed, the move would make TMTG the seventh-largest BTC holder among both public and private firms, according to insiders cited by Financial Times.
Equity, Bonds, and Bitcoin
Sources familiar with the deal say TMTG plans to raise $2 billion through an at-the-market equity sale, with another $1 billion coming from convertible bonds—debt instruments that can be turned into shares later. The equity is expected to be priced near its May 23 close of $25.72, valuing the firm near $6 billion.
This approach mimics the playbook of business intelligence firm Strategy, known for acquiring over 580,000 BTC through similar financial instruments. ClearStreet and BTIG are reportedly in talks to underwrite the transaction.
Crypto Plans to Be Unveiled in Vegas
The plan could be formally announced at a crypto-centric investor event in Las Vegas. The gathering will feature key Trump allies including Vice President JD Vance, Donald Trump Jr., Eric Trump, and David Sacks, who has been dubbed the “Crypto Czar.”
Should TMTG complete the offering, half of the funds will be deployed directly into Bitcoin, while the rest will be used "opportunistically" in the broader crypto space.
Expanding the Trump Crypto Ecosystem
This isn’t TMTG’s first crypto venture. The Trump family has already dipped into Web3 with a memecoin named TRUMP, a stake in Bitcoin mining firm American Bitcoin, and a decentralized finance project called World Liberty Financial.
More recently, TMTG unveiled plans for a new line of crypto exchange-traded funds (ETFs) under the brand "Truth.fi," developed in partnership with Crypto.com. A shareholder letter dated April 29 also teased a digital wallet and a native token, Truth+.
President Trump recently hosted a private dinner for the top holders of his TRUMP memecoin at his Virginia-area resort, a move seen as further bolstering his crypto credentials.
Pushback and Silence
While TMTG publicly dismissed the report’s sourcing as “dumb,” it did not offer further comment. Donald Trump Jr. and White House representatives declined to respond to inquiries.
If completed, TMTG’s $1.5 billion BTC play could significantly shake up corporate crypto rankings—and possibly signal a broader alignment between the Trump media empire and decentralized finance.