{"id":130014,"date":"2025-05-26T20:15:48","date_gmt":"2025-05-26T20:15:48","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=130014"},"modified":"2025-05-26T20:15:48","modified_gmt":"2025-05-26T20:15:48","slug":"trump-media-group-to-raise-3b-for-bitcoin-treasury-report-2","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=130014","title":{"rendered":"Trump Media Group to raise $3B for Bitcoin treasury \u2014 Report"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsTrump Media and Technology Group, the company behind US President Donald Trump\u2019s Truth Social platform, is planning to raise $3 billion in a mix of equity and convertible bonds to buy Bitcoin and other cryptocurrencies, the Financial Times reported. The move would position the company to follow the footsteps of crypto treasury companies like Strategy.<br \/>\nTrump Media will issue $2 billion in equity and $1 billion in convertible bonds, a type of asset that can be converted into equity at a later date. The size of the raise may change, the FT cited sources familiar with the matter as saying.<br \/>\nThe equity is expected to be sold at market price as of the close on May 23. On that day, the share price closed at $25.72, marking a 4.6% increase on the day. Trump Media\u2019s market capitalization was $5.7 billion as of May 23.<br \/>\nTrump Media and Technology Group share price on May 23. Source: Google FinanceThe company is following a similar approach to that pioneered by companies such as Strategy, Metaplanet, Semler Scientific and others, allocating part of their funds to Bitcoin (BTC). Betting on crypto provides a hedge against inflation and keeps them from becoming \u201czombie companies,\u201d some of the companies have said.<br \/>\nCointelegraph reached out to Trump Media for comment but had not received a response at the time of publication.<br \/>\nRelated: Strategy bags 4,020 Bitcoin as price briefly breaks $110K<br \/>\nTrump Media\u2019s move may increase scrutiny<br \/>\nThe move may also result in more scrutiny toward the Trump family\u2019s growing crypto businesses. Democratic lawmakers have pushed back against bipartisan bills over the Trump family\u2019s crypto dealings, with some staging protests against the memecoin dinner Trump hosted on May 22.<br \/>\nTrump\u2019s crypto ties include non-fungible token collections, the Official Trump (TRUMP) and Melania (MELANIA) memecoins, decentralized finance platform World Liberty Financial and a dollar-pegged stablecoin. Critics say that Trump\u2019s crypto ventures pose a conflict of interest, especially as he could hold influence over an industry he stands to profit from.<br \/>\nAccording to the report, Trump transferred his 53% share in Trump Media and Technology to a revocable trust managed by Donald Trump Jr.<br \/>\nMagazine: Trump\u2019s crypto ventures raise conflict of interest, insider trading questions<a href=\"https:\/\/cointelegraph.com\/news\/trump-media-group-raise-3b-buy-bitcoin-crypto?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsTrump Media and Technology Group, the company behind US President Donald Trump\u2019s Truth Social platform, is planning to raise $3 billion in a mix of equity and convertible&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/130014"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=130014"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/130014\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=130014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=130014"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=130014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}