Trump Media Plans $3 Billion Raise for Crypto Assets Acquisition
Trump Media and Technology Group (DJT) plans to raise $3 billion to acquire crypto assets, as reported by the Financial Times. The fundraising will involve an equity raise and convertible bond offering, potentially announced at the Bitcoin 2025 event in Las Vegas.
Key points include:
- Public firms increasingly adding cryptocurrencies, primarily bitcoin, to their balance sheets.
- Michael Saylor's Strategy (MSTR) holds over $62 billion in BTC, financed through equity and debt issuances.
- Earlier this year, Trump Media announced a financial services platform focusing on crypto and customized exchange-traded funds.
- The company aims to partner with Crypto.com for ETF product launches.