Trump Media & Technology Group (TMTG), the company behind Truth Social and closely tied to the Trump family, is preparing to raise up to $3 billion to buy Bitcoin and other digital assets, according to a May 27 report from The Financial Times.
The plan includes a $2 billion equity sale and a $1 billion convertible bond, which—if finalized—could mark one of the largest direct cryptocurrency investments by a media firm. Sources said the announcement could coincide with a crypto industry event in Las Vegas this week, where Donald Trump Jr., Eric Trump, and Vice President JD Vance are expected to speak.
TMTG is already active in the crypto space through its involvement with meme coins, NFTs, and a stablecoin venture.
Despite public skepticism, the firm dismissed media speculation harshly: “Apparently, the Financial Times has dumb writers listening to even dumber sources,” the company stated.
Family-Run Trust Raises Red Flags
Donald Trump transferred his ownership in TMTG—valued at $3 billion—to a revocable trust managed by Donald Trump Jr. after re-entering office. If this trust executes a $3B crypto acquisition, it places the president’s family in direct control of digital assets that could be influenced by federal policy.
This structure echoes strategies used by companies like MicroStrategy, which have leveraged equity and debt to acquire large Bitcoin holdings. TMTG’s stock currently trades at $25.72, with a valuation near $6 billion.
The ethics implications are significant. Critics argue this raises serious concerns about conflicts of interest, as Trump’s crypto policy stances could potentially impact his family’s holdings.
Oversight Challenges in the Age of Digital Assets
Current ethics laws do not prohibit trust-managed digital asset investments, but transparency and oversight remain limited. As crypto prices are highly sensitive to regulation, the intersection of politics and digital asset ownership introduces new governance dilemmas.
While traditional ethics rules focus on real estate, hospitality, or stocks, crypto’s volatility and opacity present fresh challenges, especially as policymakers begin actively shaping its legal framework.
