Financial Times reported that Trump Media & Technology Group planed to raise $3 billion to invest in crypto through a $2 billion equity issuance and $1 billion in convertible bonds, with the equity expected to be sold at the May 23 closing market price

Event date

May 26, 2025

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The Financial Times reported that Trump Media was planning to issue $2 billion in equity and $1 billion in convertible bonds, a type of asset that can be converted into equity at a later date and that the size of the raise may change. The equity was expected to be sold at market price as of the close on May 23. On that day, shares of Trump Media (DJT) closed at $25.72, marking a 4.6% increase on the day. Trump Media’s market capitalization was $5.7 billion as of May 23.

Trump Media & Technology Group, which is behind the Truth Social app and controlled by the president’s family, aims to raise $2bn in fresh equity and another $1bn via a convertible bond, according to six people briefed on the matter.

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Week 22 of 2025