Raising $3 Billion for Crypto? Trump Media Group Strongly Denies the Rumors  

TradingKey – Trump Media & Technology Group (DJT) has firmly denied reports claiming it plans to raise $3 billion to invest in cryptocurrency, though its broader crypto-related strategies remain noteworthy.  

On May 27, according to Cointelegraph, Trump Media & Technology Group (DJT) refuted a report by the Financial Times, which alleged that the company was planning a $3 billion crypto investment fund.  

In response, the company stated: "The Financial Times clearly has some foolish writers listening to even more foolish sources." 

On May 26, the Financial Times reported that DJT was allegedly raising $3 billion for a crypto initiative, breaking it down as follows:  

- $2 billion through stock issuance  

- $1 billion via convertible bonds  

While Trump Media has denied the fundraising claims, its interest in the crypto market remains real.  Recently, in a shareholder letter, DJT stated: "We are exploring the launch of a Truth Social utility token, initially used for Truth+ subscription payments, with potential expansion into other services within the Truth ecosystem."

Additionally, in early April, Trump Media announced partnerships with:  

- Crypto.com, a leading cryptocurrency exchange  

- Yorkville America Digital, an asset management firm