Trump Media & Technology Group (TMTG), a media company operated by the former president's family, plans to raise $3 billion to purchase cryptocurrencies like Bitcoin.
According to reports, the capital raising will include $2 billion in new stocks and $1 billion in convertible bonds.
Trump Media Coin Business...President Clashes with Harvard
TMTG plans to announce this proposal before a major cryptocurrency conference in Las Vegas. Vice President JD Vance and Trump's sons, Donald Junior and Eric, are scheduled to speak.
According to the Financial Times, potential acquirers may include ClearStreet and BTIG. Stock sales in the market will be executed near Friday's closing price.
BEEAKING: TRUMP Media Group aims to raise $3 BILLION for cryptocurrency investments.
— Sr Peters (@SrPetersETH) May 26, 2025
$120K should be next for Bitcoin. pic.twitter.com/pFiqDT4m01
Notably, this move comes after Trump's threat to Harvard University to redirect $3 billion in federal research grants to a US trade school.
The administration froze approximately $2.2 billion in grants, primarily from the National Institutes of Health, after accusing Harvard of promoting anti-Semitism and failing to comply with federal guidelines.
Meanwhile, Harvard filed a lawsuit, claiming the funding cut is unconstitutional. The proposal requires congressional action to reallocate funds designated for biomedical research.
Critics argue this is an excessive use of administrative power. However, supporters say it will strengthen high-demand vocational training.
Bill Ackman Says Harvard is Mismanaging Their Negotiations w/ President Trump
— Chief Nerd (@TheChiefNerd) May 23, 2025
"The wrong thing to do with President Trump is to escalate … The view of most Americans is that the federal government giving taxpayer money to a university is a privilege and not a right … President… pic.twitter.com/unrdrjrfz8
Political Perspective, Parallel Fund Movement
TMTG operates independently of the federal government, but its cryptocurrency ambitions' timing and scale are drawing attention due to its close relationship with the Trump family.
The contrast is striking between Trump-related institutions raising billions for digital asset investments and the administration's proposal to pressure elite institutions and redirect public funds to vocational programs.
The president's pro-cryptocurrency moves have notably advanced the cryptocurrency industry in the United States.
However, the continued cryptocurrency push by Trump-related organizations raises legitimate questions about influence, priorities, and the boundaries between personal financial strategies and public policy.
Meanwhile, the US president's cryptocurrency venture has recently been facing political criticism. Last week's TRUMP meme coin dinner drew significant attention.
Several Democratic senators even held a surprise press conference demanding the full guest list.
TMTG's portfolio already includes previous ventures in Non-Fungible Tokens, meme coins, and cryptocurrency mining. It is also reportedly planning a cryptocurrency-focused ETF.
