Captured By Tracy D'souza / 3:25 pm on 27 May 2025
Trump Media & Technology Group (NASDAQ: DJT) has denied a Financial Times report alleging plans to raise $3 billion for cryptocurrency investments, including Bitcoin. The company dismissed the report as “dumb,” criticizing the publication's sources . The Financial Times had claimed that Trump Media intended to secure $2 billion through equity and $1 billion via convertible bonds . This denial comes amid heightened scrutiny of the Trump family's crypto ventures, including the $TRUMP meme coin, which has generated significant profits for top investors but also raised ethical concerns over potential conflicts of interest .
