A Huge Step into Bitcoin
On May 26, 2025, Trump Media & Technology Group, the company behind Truth Social, announced a plan to raise $3 billion to buy cryptocurrencies like Bitcoin. The Financial Times said they want to get $2 billion by selling new shares and $1 billion with a special loan. This news got everyone talking, with some excited and others nervous about the big risk. They might share more at a crypto event in Las Vegas, where Vice President JD Vance and Trump’s sons, Donald Jr. and Eric, are speaking.
Why Crypto Now?
Trump Media, led by former congressman Devin Nunes, runs Truth Social, a social media app. But it’s not making as much money from ads as they hoped. So, they’re looking at new ideas, like starting a financial service called Truth.Fi for crypto and special funds tied to Trump’s “America First” ideas. This $3 billion plan is a bold move to make Trump Media a big name in crypto, like companies that hold lots of Bitcoin.
The Trumps Love Crypto
The Trump family is already into crypto. They’ve done things like NFT trading cards, a coin called $TRUMP, and investments in crypto mining and a platform called World Liberty Financial. Donald Trump has said he wants the US to be the “crypto capital of the world,” and his support helped push Bitcoin’s price to a record $109,000 last week. But since he’s president, some worry his family’s business deals might mix with his job, which could cause problems.
How They’ll Get the Money
The plan is to sell new shares for $2 billion at the current price, about $25.72 as of May 23, 2025. That makes Trump Media worth nearly $6 billion. The other $1 billion would come from a loan that can turn into shares later. After the news, the company’s stock jumped over 12% to $29.00 before trading started, showing people are excited. But the details, like when it’ll happen, might change.
People Have Mixed Feelings
Fans and critics are split. On X, some love the idea, with one person saying, “Trump’s going big on crypto—this is awesome!” Others think it’s risky, with one joking, “Truth Social wasn’t enough, so now they’re betting on Bitcoin!” Some, like Elizabeth Sheppard Sellam from the University of Tours, worry it’s tricky because Donald Jr. controls his dad’s $3 billion stake in the company. She said it might look bad since Trump is pushing crypto-friendly laws.
Copying Other Companies
Trump Media’s plan is like what MicroStrategy did, raising money to buy tons of Bitcoin and becoming a top crypto holder. Trump Media wants to do the same, hoping to make money from the crypto boom. They’re also planning a fund for regular people to invest in crypto. But crypto prices go up and down a lot, and some wonder if it’s smart for a company so close to the president.
What’s Coming Next?
If this goes through, Trump Media could be a huge crypto player. The Bitcoin 2025 conference in Las Vegas, from May 27-29, might be where they spill more details. With JD Vance and David Sacks, Trump’s “crypto czar,” speaking, it’s sure to get attention. But crypto is risky, and with Trump in office, regulators might watch closely. For now, the Trump family is jumping deeper into digital money, and everyone’s curious to see what happens.
