Former U.S. President Donald Trump is doubling down on his ambition to turn the United States into the global hub for cryptocurrency, with his media company reportedly planning to raise $3 billion for investments in Bitcoin and other digital assets.
According to a report by the Financial Times, Trump Media & Technology Group (TMTG)—which operates the Truth Social app—is looking to raise $2 billion through equity and an additional $1 billion via a convertible bond. The effort, if successful, would mark a major step in fulfilling Trump’s promise to make the U.S. the “world’s crypto capital.”
The capital raise could be formally announced ahead of a major cryptocurrency summit this week, where Vice President JD Vance, Donald Trump Jr., and Eric Trump are expected to appear. Trump himself attended last year’s event in Nashville as part of his campaign to attract crypto-friendly donors.
A Crypto-Heavy Media Empire?
Trump Media’s plan also includes launching a cryptocurrency-focused exchange-traded fund (ETF)—a sign that the company is moving beyond social media and into digital finance. The proposed ETF would provide investors exposure to crypto assets, potentially solidifying Trump’s media venture as a serious player in the blockchain ecosystem.
Financial firms ClearStreet and BTIG are reportedly being considered as underwriters for the deal, according to sources quoted by the FT.
Despite these bold financial plans, the White House has not commented, and Trump Media dismissed both Reuters and Financial Times as “fake news.” Nonetheless, the strategy reflects Trump’s increasing embrace of digital currencies—an evolution from his earlier skepticism.
Conflict of Interest Concerns Resurface
The development raises fresh concerns over potential conflicts of interest. Trump holds a majority stake in TMTG, which is managed by his son Donald Trump Jr. while he serves in office. Critics argue that Trump’s support for pro-crypto policies from the White House could directly benefit his private ventures.
Historically, Trump has sidestepped ethical criticisms by citing the president’s exemption from federal conflict-of-interest laws—a legal loophole he leaned on during his first term. While he previously promised not to strike new foreign deals, no such assurances have been made during his current term.
Bitcoin Rally Tied to Trump’s Support
Trump’s enthusiastic backing of cryptocurrency has already sent ripples through the market. Bitcoin recently soared to a record high of $109,000, with analysts attributing part of the rally to growing optimism among crypto investors under Trump’s leadership.
From memecoins to mega-fundraising, Trump’s crypto ambitions are increasingly blurring the lines between political power and digital finance. If the fundraising effort goes ahead as planned, it could turn his campaign rhetoric into policy reality—and potentially reshape America’s place in the global crypto economy.