Trump Media Group Denies $3 Billion Fundraising Plan for Crypto Investments!

Updated

May 28, 2025

Gambar Trump Media Group Denies $3 Billion Fundraising Plan for Crypto Investments!

Jakarta, Pintu News – Recently, shocking news from various digital media publications stated that Trump Media and Technology Group (TMTG), the company behind Donald Trump’s social media platform TruthSocial, is raising $3 billion for crypto investments.

However, TMTG was quick to refute the claims. According to the Financial Times report, TMTG plans to raise $2 billion in equity and $1 billion through convertible bonds for large-scale crypto purchases. However, an official statement from TMTG rejected all such claims as baseless.

Read the full information here!

TMTG response

TMTG responded very critically to the Financial Times report. They called the news sources “stupid” and the author unreliable. TMTG emphasized that there is no fundraising plan as reported.

This bold statement from TMTG shows their dissatisfaction with the news coverage, which they consider inaccurate and detrimental to the company’s reputation. In response to the rumors, TMTG also emphasized that their business strategy does not involve massive purchases of cryptocurrencies such as Bitcoin or Ethereum .

They are focused on developing social media platforms and are not involved in crypto market speculation. TMTG wants the public to understand that their main focus is innovation in technology and media, not crypto investment.

Financial Times report

A report published by the Financial Times describes TMTG’s ambitious crypto plans, including comparing it to Strategy’s Bitcoin (BTC) accumulation strategy.

The report also mentioned about the Trump family’s widening crypto footprint, including meme coins, NFTs, and a planned ETF. However, all of this information is now of questionable validity after a strong denial from TMTG.

In addition, the report also mentions that TMTG is exploring mergers and acquisitions to diversify into financial services. This includes a recent agreement to launch retail investment products that align with Trump’s “America First” policy and make the US the crypto capital of the world.

However, this claim has also been refuted by TMTG, stating that they have no fundraising plans for the purpose.

Impact on Crypto Industry

Although TMTG has denied the report, this speculation has generated widespread discussion in the crypto industry. Crypto investors and analysts pay close attention to any moves made by a major public figure like Donald Trump, as they can have a significant impact on the market.

However, with this rebuttal, it is unlikely that the crypto market will see a massive investment from TMTG anytime soon. The impact of this news also shows how sensitive the crypto market is to news and rumors.

Although TMTG has denied any crypto investment plans, the mere rumor was enough to cause small waves in the market. This shows the importance of verification and caution in reporting and responding to news in the financial and technology sectors.

That’s the latest information about crypto. Follow us on Google News to stay up-to-date on the world of crypto and blockchain technology.

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*Disclaimer

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