Trump Media to raise $3 billion to spend on cryptocurrencies, FT reports

[BumRushDaShow]

Source: Yahoo! News/Reuters

Mon, May 26, 2025 at 12:12 PM EDT


(Reuters) -U.S. President Donald Trump's social media firm, Trump Media & Technology Group, plans to raise about $3 billion to spend on cryptocurrencies such as bitcoin, the Financial Times reported on Monday, citing people familiar with the matter. Trump Media aims to raise $2 billion in fresh equity and $1 billion more through a convertible bond, the report said.

The terms, timing and size of the company's capital raise could still change, the FT report said. Trump Media Group responded to a Reuters request for comment by calling both Reuters and the Financial Times "fake news" outlets. The White House did not immediately respond to a request for comment.

The company behind Truth Social, a streaming and social media platform, has been exploring potential mergers and acquisitions as it aims to diversify into financial services.

Last month, Trump Media reached a binding agreement to launch various retail investment products, including crypto and exchange-traded funds aligned with Trump's America First policies. This, however, has attracted scrutiny from government ethics and regulatory authorities.

Read more: https://finance.yahoo.com/news/trump-media-raise-3-billion-161254605.html

[Hey Joe]

1. Oh, how I would love to see

trump get scammed on crypto and lose a billion dollars (or more). Can you imagine the pain and humiliation ?!!
A guy can dream

[Norrrm]

2. Are there enough people who trust Trump for this much money?

[slightlv]

5. Evidently, the very rich feel completely comfortable

with giving millions of dollars to trump for his cryptomeme... even foreign governments are buying influence with it.

Normal people? Well... not so much. Although I'd lay odds the magas are going bonkers buying it instead of gold now.

[Iamscrewed]

3. FOOLS

FCK TRMP!

[BaronChocula]

4. Isn't that the same amount of $$$

he says he's holding back in grant money for Harvard?
I see a rat.

[SWBTATTReg]

6. And this idiot had a dinner for the top purchasers of his MEME coin...they weren't impressed w/ the meal...

That was the reality for 200 "lucky" investors, who, as four of the attendees told Wired, were treated to a genuinely disgusting-looking dinner at the Trump National Golf Club Washington, DC, which despite its name is actually located in the town of Sterling, Virginia.

Like the misleading name of the president's golf course, the dinner those $TRUMP coin buyers were served sounds much better in writing than it looked in photos.

Guests were given what was supposed to be pan-seared halibut in a citrus reduction and an alleged filet mignon with a demi glaze, accompanied by a damp-looking pile of carrots and zucchini and topped off with a very, very sad scoop of mashed potatoes, no gravy apparent.
...

[BumRushDaShow]

7. What is interesting though

is that all during his first term, I harped on that Sterling location constantly as it was closest to D.C. But 45 (as well as the media) tended to ignore it as he spent his summer months at Bedminster in NJ.

Now this go-around, I have barely heard mention of Bedminster at all and Sterling has been featured.

I don't know if maybe that was due to them renovating Sterling back then perhaps (have no idea) and now that it's complete, he has started using it as "a venue" -OR- it is being used since he DID get rid of the old post office hotel location (sold the lease), which was in D.C., and was the primary "nearby" location where he hosted his criminal activities.

In any case, will see when the switch out of the weekly Mar-a-Lago visits cease and where that gets moved to "up north" of there.



Stats from first term - https://www.usatoday.com/story/news/politics/onpolitics/2017/07/19/donald-trump-visits-his-properties-while-office/490212001/



(as a note - many of the things named after him are just him licensing the name versus actual "ownership" )

[SWBTATTReg]

8. Makes one wonder how much he's padded his bills...I can imagine that instead of saving the American

taxpayers any money, he is ripping off the hell of taxpayers by extremely excessive bills...

[BumRushDaShow]

9. I know during the first term

there were tallies - and notably for the cost of the secret service who were staying at his facilities (and issues with what they were billing the government for lodging).