- Trump Media denies raising $3B to invest in crypto
- Calls Financial Times report and sources “dumb”
- No confirmed crypto acquisition plans revealed
Trump Media and Technology Group (TMTG) has sharply denied a recent Financial Times report suggesting the company is planning to raise $3 billion to purchase Bitcoin and other cryptocurrencies. The article, which cited unnamed sources, claimed that TMTG would raise $2 billion in equity and $1 billion via convertible bonds. However, TMTG responded forcefully, labeling both the sources and the journalists behind the story as “dumb” and “even dumber.”
The firm’s public rebuttal leaves little doubt about its position. In a bold statement, TMTG dismissed the entire report as fabricated nonsense. This rare, blunt denial signals the company’s desire to distance itself from speculative narratives involving cryptocurrency investments—at least for now.
No Crypto Plans—At Least Officially
The Financial Times’ story quickly made waves across financial and crypto communities. A $3 billion crypto investment by Trump Media would have marked one of the largest entries into the digital asset space by a media company. However, TMTG’s strong denial casts serious doubt on any immediate plans to accumulate crypto assets.
Despite Trump’s own occasional endorsement of cryptocurrencies like Bitcoin in the past, TMTG’s current business model is rooted in digital media and political engagement, particularly through its platform Truth Social. There’s been no public indication from corporate filings or official announcements that the company is pivoting toward cryptocurrency investments.
Media Skepticism and Market Speculation
The incident underscores the tension between media speculation and corporate messaging—especially in crypto, where rumors can trigger massive market reactions. It also reveals how misinformation, whether accidental or deliberate, can force companies to go on the defensive to protect their reputations and investor trust.
While some investors may still speculate about future crypto involvement, TMTG’s message is clear for now: the report is false, and the company has no confirmed plans to raise or allocate billions toward digital assets.
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