Trump Media Eyes $3B Crypto Shopping Spree—Funded by Equity and Bond Hustle
Hold onto your memecoins—Trump Media just signaled a $3 billion play for crypto dominance. The move? A double-barreled capital raise mixing equity sales and bond backing. Because nothing says ’trust the market’ like leveraging debt to buy volatile digital assets.
Wall Street’s reaction? Somewhere between a golf clap and an eye-roll. After all, when hasn’t mixing politics, media, and speculative finance ended perfectly?
Trump Media raising $3B for crypto buys mirrors Strategy playbook
TMTG will structure the equity portion as an at-the-market sale, placing shares NEAR the May 23 close of $25.72, which valued the media group at nearly $6 billion.
The convertible bond tranche gives investors debt that can switch into stock, a mechanism that Strategy popularized during its accumulation of 580,250 BTC.
People familiar with the negotiations told the report that Brokers ClearStreet and BTIG are in talks to underwrite the deal.
In a statement, TMTG rejected the report’s sourcing as “dumb” but offered no additional comment, while representatives for Donald Trump Jr. and the WHITE House declined to respond.
Broader crypto ventures
President Donald Trump and his family have cultivated crypto-related ventures, such as the TRUMP memecoin, a stake in miner American Bitcoin, and the creation of the decentralized application World Liberty Financial.
TMTG also plans to launch a line of crypto exchange-traded funds (ETFs) under the “Truth.fi” brand in partnership with the exchange Crypto.com.
Notably, TMTG revealed the Truth.fi arm on April 29 in a letter to shareholders. The document also considered launching a digital wallet and a token called Truth+.
Furthermore, the President hosted a private dinner for the top holders of his memecoin at his resort outside Washington last week.
