The TMTG announced that it is in negotiations with around 50 investors to issue approximately $1.5 billion in equity and $1 billion in bonds, with the funds earmarked for cryptocurrency purchases.
“The offering is expected to be completed on or around May 29, 2025,” the group stated.
The cryptocurrencies will be incorporated into the group’s balance sheet, increasing it from $759 million (670 million euros) to over $3.2 billion (2.8 billion euros).
“We see bitcoin as the ultimate financial freedom tool, and Trump Media will now maintain cryptocurrencies as a central part of its assets,” said Devin Nunes, former Republican congressman leading the group.
Trump became an advocate of digital assets during his last campaign, with the sector contributing over $100 million (88 million euros) toward his re-election.
On Thursday, the President of the United States even held a closed-door dinner for the 220 largest holders of his cryptocurrency, launched just hours before taking office at the end of January.
The President’s meme cryptocurrency ($TRUMP), unlike traditional payment methods, lacks a financial institution’s fiduciary guarantee and has been traded online since the beginning of the year. Blockchain analytics firm Chainalysis estimates it has generated more than $320 million in fees for its promoters since then.
Upon launching the $TRUMP cryptocurrency, its creators initially released 20% of the planned total of 1 billion units.
Half of these 20% were sold directly to the public, with the other half placed in a liquidity pool, a type of exchange.
According to the $TRUMP site, CIC Digital, part of the Trump Organization, and another company receive “trading revenue derived from trading activity” of the cryptocurrencies.
With the liquidity pool, creators of Trump’s meme currencies earn money by charging small fees for each transaction.
An ethical agreement prohibits Trump from making “day-to-day” decisions in the Trump Organization while serving as President and limits financial information about the businesses that can be shared with him.
During a recent interview with NBC’s Meet the Press, Trump dismissed the notion that he was profiting from the presidency, refusing to forgo profits from his cryptocurrency ventures.
“Should I contribute all my real estate, which I have owned for years if they go up a bit because I am President and doing a good job? I think not,” Trump said.
U.S. law does not have disclosure requirements for purchasers of meme currencies.
Critics of Trump’s foray into meme currencies, including the Democratic opposition, argue that the pseudonymous nature of the cryptocurrency provides an opportunity to attempt to unduly influence the President by purchasing his digital assets.
A startup launched in September with support from the Trump family created its own stablecoin-type cryptocurrency, USD1, at the end of March, which was already used by the Emirati fund MGX to acquire a $2 billion (1.76 billion euros) stake in the cryptocurrency exchange Binance.
Bitcoin, the most traded cryptocurrency on the market, reached a new all-time high last week amid the fragility of the U.S. dollar and concerns about the U.S. budget deficit.
This year, Bitcoin has appreciated by about 18%.
