Trump Media says 'dumb writers' behind report claiming it's seeking $3 billion to buy bitcoin, crypto: FT

Description

The Financial Times, citing six anonymous sources, reported that Trump Media & Technology Group plans to raise $3 billion to invest in Bitcoin and cryptocurrencies.

Authors

Naga Avan-Nomayo

Publish date

May 26, 2025

Publisher

The Block

Web URL

https://www.theblock.co/post/355732/trump-media-bitcoin-crypto

Referenced by

Trump Media denies FT report it is raising $3B to invest in cryptocurrencies

Crypto news

News story

World Liberty Financial, another entity affiliated with the U.S. President and his family, issued the USD1 stablecoin used to close a $2 billion investment deal between Abu Dhabi’s MGX and Binance

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Quote

Trump Media denied the story, reportedly stating that “the Financial Times has dumb writers.”

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