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Trump Media and Technology Group<\/a> (TMTG), the company behind Truth Social and controlled by the Trump family, is preparing to raise a staggering $3 billion to invest in cryptocurrencies such as Bitcoin<\/a>, according<\/a> to the Financial Times.<\/p>\n The media venture plans to secure<\/a> $2 billion in fresh equity and another $1 billion through a convertible bond offering, those familiar with the matter told the Financial Times. The capital raise could be formally announced ahead of The Bitcoin 2025 Conference<\/a> in Las Vegas this week, where Vice President JD Vance, Donald Trump Jr., Eric Trump, and Trump\u2019s crypto advisor David Sachs are expected to speak.\u00a0<\/p>\n The secondary equity offering will be carried out on an at-the-market basis, meaning shares are expected to be priced near the most recent closing price of $25.72, giving TMTG a current valuation of nearly $6 billion.\u00a0<\/p>\n TMTG\u2019s push comes amid a wider cryptocurrency resurgence. Bitcoin hit a new record<\/a> of $111,999 last week, and investor interest in crypto-related plays has surged. The strategy echoes that of Strategy, which used a similar blend of debt and equity financing to buy tens of billions of dollars in Bitcoin\u2014catapulting its market cap to over $100 billion.\u00a0\u00a0<\/p>\n Although the news is still yet to be confirmed by TMTG, a comment they made to the Financial Times may give some doubt to the validity of the story:<\/p>\n \u201cApparently the Financial Times has dumb writers listening to even dumber sources\u201d, reportedly said TMTG. A White House spokesperson also declined to weigh in. Representatives for Donald Trump Jr. did not respond to requests for comment and Reuters also did not immediately receive a request for comment.<\/p>\n TMTG\u2019s deepening crypto pivot has included a slew of ventures: an NFT trading card series, two memecoins, investments in crypto miner American Bitcoin and stablecoin platform World Liberty Financial, and an upcoming crypto ETF.<\/a>\u00a0<\/p>\n After returning to the White House last year, Trump transferred his 53% stake in TMTG\u2014worth roughly $3 billion\u2014to a revocable trust controlled by Donald Trump Jr., who holds full investment and voting authority.<\/p>\n