Trump Media and Technology Group (TMTG) plans to raise $3 billion to purchase Bitcoin and other digital assets, including $2 billion in equity and $1 billion in convertible bonds.
The fundraising aims to strengthen the company's position in the cryptocurrency sector, following a trend of corporate Bitcoin investments.
Sources suggest that TMTG will use the funds for crypto acquisitions, aligning with the growing trend of including digital assets in corporate treasuries.
The Trump family, including President Trump and his son Donald Trump Jr., has been increasingly involved in cryptocurrency markets through various projects like NFTs, meme coins, and crypto-based financial services.