Trump plans to raise $3 billion to invest in crypto. Trump Media & Technology Group (TMTG), controlled by the Trump family, aims to leverage its political influence into economic power in Web3.
The project aims to raise 2 billion through common equity and an additional 1 billion via convertible bonds. This move mirrors MicroStrategy’s strategy, accumulating Bitcoin to build an empire valued at over $100 billion. TMTG’s shares will be sold at around $25.72, valuing the company at approximately $6 billion.
Sources indicate that the size of the offering has increased in recent weeks due to high demand.
Bitcoin, memecoins, and ETF: Trump Leveraging All Strategies
TMTG aims to become a key player in the crypto economy. Following NFT experiments, mining investments, and launching a memecoin with a VIP dinner at a Trump resort, the group now plans to create its own crypto ETF.
Trump’s move into the crypto space raises concerns and curiosity. By transferring his majority stake in TMTG to a trust led by his son, Donald Jr, Trump reinforces suspicions of conflicts of interest.
TMTG dismissed the Financial Times revelations with disdain, setting the stage for a clash of politics, speculation, and digital assets.
