President Trump’s family-controlled media company, Trump Media & Technology Group (TMTG), plans to raise $3 billion to buy cryptocurrencies such as Bitcoin.
According to reports, the capital raise will include $2 billion in fresh equity and $1 billion via a convertible bond.
Trump Media’s Crypto Venture Coincides with the President’s Collision with Harvard
TMTG aims to announce the offering ahead of a major crypto conference in Las Vegas, where Vice President JD Vance and Trump’s sons, Donald Jr. and Eric, are expected to speak.
According to the Financial Times, underwriters could include ClearStreet and BTIG. The at-the-market share sale would be executed near Friday’s closing price.
Notably, this move closely follows Trump’s threat to redirect $3 billion in federal research grants away from Harvard University to US trade schools.
The administration froze roughly $2.2 billion in grants, mainly from the National Institutes of Health, after accusing Harvard of fostering antisemitism and non-compliance with federal directives.
Meanwhile, Harvard has sued, calling the funding cuts unconstitutional. That proposal would require congressional action to reallocate funds designated for biomedical research.
Critics argue it represents an overreach of executive power. However, supporters say it would boost vocational training in high-demand trades.
Political Optics of Parallel Funding Moves
While TMTG operates independently of the federal government, the timing and scale of its crypto ambitions have drawn scrutiny, given its close ties to the Trump family and the administration’s broader policy posture.
There is a juxtaposition that can’t be ignored. A Trump-linked entity raising billions for digital asset investment as the administration pressures elite institutions and proposes to shift public funding toward vocational programs.
The President’s pro-crypto moves have brought notable progress for the crypto industry, particularly in the US.
Yet, this continued crypto push from Trump-affiliated organizations does raise legitimate questions about influence, priorities, and the boundaries between private financial strategies and public policy.
Meanwhile, the US President’s crypto ventures have been under political fire recently. Last week, the TRUMP meme coin dinner raised a lot of eyebrows.
Several Democratic senators even held a surprise press conference to demand a full guest list.
TMTG’s portfolio already includes previous ventures in NFTs, meme coins, and crypto mining. It is also reportedly planning a crypto-focused ETF.
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