Trump media firm targets $3 billion crypto raise as conflict concerns grow
Last updated: 04:00 27 May 2025 EDT, First published: 03:59 27 May 2025 EDT
Donald Trump’s media company is looking to raise $3 billion to invest in Bitcoin and other digital assets, intensifying concerns over potential conflicts of interest during his second term.
The plan includes $2 billion in new equity and $1 billion through a convertible bond.
The push comes as Trump promotes policies favourable to the cryptocurrency sector from the White House, including the creation of a national Bitcoin reserve and looser federal oversight.
He has also hosted investors in his personal memecoin, $TRUMP, at private events.
Trump holds a majority stake in the media group, which is managed by his son Donald Jr, raising fresh questions over whether public office is being used for private gain.
His various crypto assets are estimated to have added nearly $3 billion to his family’s wealth.
The fundraising effort coincides with a major Bitcoin conference, where Trump’s inner circle is expected to appear.
