10:49 - 27.05.2025

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May 27, Fineko/abc.az. The Trump family's media company, Trump Media&Technology Group, is planning to raise $2 billion in new capital and another $1 billion through convertible bonds, ABC.AZ reports, referring to the Financial Times (FT).

The company plans to conduct an SPO on market terms. The attraction may be announced before the big meeting of crypto investors in Las Vegas, which will be held this week.

“Trump Media & Technology Group (TMTG, controlled by the family of U.S. President Donald Trump and behind his social network Truth Social) plans to raise $2 billion in new capital and $1 billion through convertible bonds. The company will need $3 billion to purchase cryptocurrencies such as bitcoin. The industry is expecting a wave of cryptocurrency-related transactions,” the FT reports.

According to the newspaper, TMTG may announce the capital raising before the big meeting of crypto investors in Las Vegas in the last week of May.