Trump Media Group Denies Raising $3B For Crypto Investments

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Is Trump’s Crypto Dream Just a Mirage? 🤔💸

In a delightful twist of fate that could only be penned by the hand of a master storyteller, the Financial Times recently reported that the Trump Media and Technology Group (TMTG) was on a quest to secure a staggering $2 billion in equity and an additional $1 billion through a convertible bond. All this, of course, to fund their grandiose plans for large-scale crypto purchases. Six sources, who presumably have the inside scoop and a penchant for gossip, were cited in this riveting tale.

But lo and behold! The TMTG, with all the grace of a bull in a china shop, has come forth to vehemently deny these claims. They’ve labeled the Financial Times’ sources as “dumb” and the writers as about as reliable as a chocolate teapot. One can only imagine the uproar in the boardroom as they tossed around such colorful language!

In a further twist, the Financial Times had the audacity to draw parallels between TMTG’s alleged strategy and that of Strategy’s debt-fueled bitcoin accumulation. They even noted the Trump family’s burgeoning crypto footprint, which, if we’re to believe the reports, includes everything from memecoins to NFTs, and even plans for ETFs. It’s a veritable cornucopia of digital assets!

Moreover, the report hinted at TMTG’s foray into mergers and acquisitions, all in a bid to diversify into financial services. They even struck a recent agreement to launch retail investment products that align with Trump’s “America First” policies, all while aiming to make the “US crypto capital of the world.” Quite the ambitious agenda, wouldn’t you say?

Yet, in a rebuttal as bold as a lion and as brash as Donald Trump himself, the firm has dismissed these claims as nothing more than a figment of someone’s overactive imagination. They concluded with a flourish that they have no such fundraising plans. One can only wonder what the next chapter in this saga will hold!

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2025-05-27 11:18