Trump Media Plans Major $3 Billion Crypto Push

Trump Media is reportedly preparing a bold move into the cryptocurrency space, with plans to raise $3 billion to focus on Bitcoin investments.

The raise will consist of $2 billion in equity and $1 billion in convertible bonds. The announcement is expected to take place at a major cryptocurrency event in Las Vegas, which will feature notable attendees like Vice President JD Vance, Donald Trump Jr., Eric Trump, and David Sacks, who has become an unofficial crypto advisor to the Trump administration.

On Monday, the company’s share price stood at $25.72, giving it a market value of nearly $6 billion. The shares will likely be issued at market price (ATM) terms. This expansion aligns with the Trump administration’s broader goal to make the U.S. the world’s “crypto capital.” The Trump family has been heavily involved in NFTs, memecoins, mining ventures, and a planned crypto exchange-traded fund (ETF).

Trump has transferred his 53% stake in Trump Media, valued around $3 billion, to a trust overseen by Donald Trump Jr., who now has full control over the investments.

In a related development, a special purpose acquisition company (SPAC) led by Brandon Lutnick, son of Commerce Secretary Howard Lutnick, finalized a $3.6 billion acquisition of Twenty One Capital, a Bitcoin investment firm funded by Tether and Softbank.

Additionally, Ripple announced a $1.25 billion acquisition of the crypto prime brokerage Hidden Road, signaling growing confidence in institutional investments in digital assets under the Trump administration.

Despite the growing crypto interest, several members of Congress have raised concerns over President Trump’s deep involvement with various cryptocurrencies, such as the TRUMP memecoin. Critics argue that Trump is blurring the lines between his public office and his private business interests, profiting from digital assets while serving as President. They view this as a potential conflict of interest and a violation of ethical standards.