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The media publisher said Trump Media was planning to announce the news at this week’s Bitcoin 2025 event in Las Vegas.
However, Trump Media denied the story, saying “Financial Time has dumb writers”.
The FT story cited six anonymous sources.
Trump Media and Technology Group has denied reports that it is raising $3 billion to invest in Bitcoin and other cryptocurrencies.
The firm is reportedly looking to follow in the footsteps of Michael Saylor’s Strategy, which has become one of the biggest Bitcoin holders in the world, with 576,230 Bitcoin worth nearly $63 billion based on the current price of $109,000.
However, Trump Media’s strategy is a bit more diversified as it is linked with projects involving crypto ETFs, reports of planning to launch a native token as well as, turning Truth Social into a super app with crypto elements Truthy.fi.
According to the Financial Times report, which cited six anonymous sources, Trump Media was planning to announce plans to raise $3 billion at this week’s Bitcoin 2025 event in Las Vegas.
However, TMTG has since denied the story, saying “Financial Time has dumb writers”. “Apparently, the Financial Times has dumb writers listening to even dumber sources,” Trump’s media company said in a statement, according to the news report.
Trump’s involvement in crypto has been a breath of fresh air for the crypto industry in the U.S., given his positive approach to regulating digital assets. However, his involvement in the industry has not come without criticism.
Last week, he held a crypto dinner with some of the leading names in the industry, which further stirred up the debate after it emerged Tron founder Justin Sun, was the biggest investor in the Official Trump memecoin (TRUMP).
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