The Trump family media company plans to raise $3 billion to buy cryptocurrencies, the Financial Times reported Monday.
Trump Media and Technology Group (TMTG), which owns the Truth Social platform, aims to raise $2 billion in new equity and another $1 billion via a convertible bond, sources told the media outlet.
TMTG’s plan to raise capital could be announced ahead of a bitcoin conference beginning Tuesday in Las Vegas, Nevada, where Vice President JD Vance, President Donald Trump’s sons Donald Jr. and Eric, and Trump’s crypto czar, David Sachs, are expected to speak, the Financial Times added.
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