Trump Media & Technology Group, the owner of Truth Social, aims to raise $3 billion to invest in various digital assets, including Bitcoin.
The capital raise could be announced at the Bitcoin 2025 event in Las Vegas and reflects the company's growing involvement in the crypto industry.
The plan involves raising $2 billion in fresh equity and $1 billion through a convertible bond sale for crypto investments, following the trend of publicly traded companies adding cryptocurrencies to their balance sheets.
In addition to the capital raise, Trump Media, President Trump, and his family have been expanding their presence in the crypto market by launching crypto ETFs, meme coins, and supporting decentralized finance projects.