Trump’s Company Denies Raising $3 Billion to Invest in Crypto

According to the Financial Times, Trump Media and Technology Group (TMTG), the media group owned by the Trump family and operating the Truth Social platform—frequently used by former President Donald Trump—is reportedly planning to raise up to $3 billion to enter the cryptocurrency market. This capital is expected to be raised through future stock and bond offerings.

Sources from the Financial Times reveal that TMTG will adopt an investment strategy similar to that of MicroStrategy, the software company that has been continuously accumulating Bitcoin since 2020, and currently holds BTC valued at over $63.8 billion, with an impressive profit of nearly 58%.

This plan may be announced at the Bitcoin 2025 Conference, taking place from May 27 to 29 in Las Vegas, USA, featuring U.S. Vice President JD Vance, Trump’s sons Donald Trump Jr. and Eric Trump, along with White House Crypto and AI Advisor David Sacks.

However, TMTG has strongly denied the information from the Financial Times, calling it “fake news” and harshly criticizing the reporter and the source as “inaccurate and foolish.”

In addition to TMTG, many large corporations and financial institutions are following MicroStrategy’s lead, actively accumulating Bitcoin. Notably, there are spot Bitcoin ETFs on Wall Street, Metaplanet, Tether, Twenty One Capital, the Cantor Fitzgerald – SoftBank – Bitfinex alliance, GameStop, along with the governments of New Hampshire and Arizona.

Related: What Drove Hyperliquid to Its New All-Time High?

After clarifying this information, the price of Bitcoin (BTC) saw a slight adjustment to around $108,000.