Raising $3 Billion for Crypto? Trump Media Group Strongly Denies the Rumors
TradingKey – Trump Media & Technology Group (DJT) has firmly denied reports claiming it plans to raise $3 billion to invest in cryptocurrency, though its broader crypto-related strategies remain noteworthy.
On May 27, according to Cointelegraph, Trump Media & Technology Group (DJT) refuted a report by the Financial Times, which alleged that the company was planning a $3 billion crypto investment fund.
In response, the company stated: "The Financial Times clearly has some foolish writers listening to even more foolish sources."
On May 26, the Financial Times reported that DJT was allegedly raising $3 billion for a crypto initiative, breaking it down as follows:
- $2 billion through stock issuance
- $1 billion via convertible bonds
While Trump Media has denied the fundraising claims, its interest in the crypto market remains real. Recently, in a shareholder letter, DJT stated: "We are exploring the launch of a Truth Social utility token, initially used for Truth+ subscription payments, with potential expansion into other services within the Truth ecosystem."
Additionally, in early April, Trump Media announced partnerships with:
- Crypto.com, a leading cryptocurrency exchange
- Yorkville America Digital, an asset management firm
Related Articles
[IN-DEPTH ANALYSIS] UK: Is Long GBP/USD Still Profitable？
In the short term (0-3 months), we expect GBP/USD to rise slightly. Here, we emphasize “rising + slight”..jpg)
Nvidia Q1 FY2026 Earnings Preview: Navigating Peak AI Optimism Amid Valuation Gravity
But as the momentum on earnings starts to normalize and valuation squeezing gets closer, the Q1 print can be the fulcrum for how markets discern hardness from exuberance.
Container ship owners swamped as US-China trade detente revives demand
LOS ANGELES/HONG KONG, May 16 (Reuters) - Container ship bookings for China-to-U.S. cargo have surged since the countries declared a 90-day truce on punitive tit-for-tat tariffs last weekend, operators said, spawning traffic jams at Chinese ports and factories that could take weeks to clear.
TSMC's Q1 2025 Earning: Technological leadership and AI demand drive continued growth in performance
For investors, TSMC's current valuation has not yet fully reflected its growth potential in the AI chip market. It is recommended to pay attention to its progress in 2nm process mass production and CoWoS capacity expansion.
