Trump Media & Technology Group (TMTG) has forcefully denied a report from the Financial Times claiming the company is planning to raise $3 billion to purchase Bitcoin and other cryptocurrencies.
According to the FT article published Monday, the alleged capital raise would be funded through share sales, citing six anonymous sources. The report linked the crypto investment plan to Trump Media’s broader ambitions in the blockchain space.
But in a sharp rebuke, TMTG dismissed the story entirely.
“Apparently, the Financial Times has dumb writers listening to even dumber sources,” the company said in a statement shared with The Block.
Crypto Ties Are Real — But Not a $3B Raise, Says TMTG
While Trump Media has confirmed multiple blockchain-related ventures in recent months — including:
- A utility token under exploration,
- A partnership with Crypto.com to launch “Made in America” digital asset ETFs, and
- The launch of Truth.Fi, a fintech venture with crypto investment authority up to $250 million —
TMTG firmly denies it’s raising $3 billion for a direct crypto-buying spree, as suggested in the FT report.
Truth.Fi and Future Outlook
In January, Truth.Fi was authorized to deploy a portion of Trump Media’s $700 million in cash reserves into bitcoin, crypto ETFs, and similar assets — a move seen as the company’s first serious foray into the digital asset space. However, the scale of that investment was capped at $250 million.
As of now, there is no official confirmation of any new capital raise specifically for crypto asset purchases. TMTG has not disclosed any new fundraising initiatives tied to direct cryptocurrency accumulation.
Conclusion: A War of Words with Real Crypto Signals
Although the $3B claim may be exaggerated or inaccurate, Trump Media’s interest in blockchain, tokenization, and digital finance is very real. Still, the sharp language used in response to the Financial Times shows the company is quick to shut down what it sees as misinformation — even when coming from top-tier financial media outlets.