Trump Media & Technology Group (TMTG) is exploring a massive $3 billion fundraising initiative to acquire Bitcoin and other cryptocurrencies, reports the Financial Times. The media company, linked to President Donald Trump’s family, aims to raise $2 billion via equity and $1 billion through a convertible bond.
The news follows a surge in political interest in digital assets and coincides with a crypto-focused Las Vegas event featuring the Trump family and policy advisor David Sacks.
Although TMTG dismissed the reporting as “fiction,” sources indicate momentum is building behind the capital raise, especially as Trump Media looks to emulate firms like MicroStrategy in leveraging capital markets for large crypto buys.
Trump Family’s Digital Asset Control Prompts Ethics Debate
After resuming office, Donald Trump transferred control of his TMTG stake into a revocable trust overseen by Donald Trump Jr. If the trust executes the planned crypto purchases, the president’s family could control billions in volatile digital assets while Trump remains in power.
This would make TMTG not just a media player—but a potential crypto heavyweight, raising urgent questions about the ethical lines between policymaking and private investment. Trump has recently championed pro-crypto rhetoric and hosted a gala dinner for $TRUMP coin holders, reinforcing concerns about favoritism and insider incentives.
Are Revocable Trusts the New Loophole?
Revocable trusts—common in estate planning—often avoid immediate public scrutiny, especially when beneficiaries are not directly receiving income. Experts argue this mechanism could allow officeholders to benefit indirectly from market-sensitive assets without triggering mandatory disclosure.
As Bitcoin trades reactively to political developments, ethics watchdogs worry that crypto presents a new frontier for policy manipulation, where influence and investment dangerously overlap.
Trump’s push to make the U.S. a global leader in crypto may now carry a personal financial stake, and lawmakers are under pressure to modernize ethics rules for digital asset ownership—before a full-blown governance crisis emerges.
