www.allsides.com
Trump Media to raise $3 billion to spend on cryptocurrencies, FT reports
U.S. President Donald Trump's social media firm, Trump Media & Technology Group (DJT.O), opens new tab, plans to raise about $3 billion to spend on cryptocurrencies such as bitcoin, the Financial Times reported on Monday, citing people familiar with the matter.
The company that runs the Truth Social streaming and social media platform aims to raise $2 billion in fresh equity and $1 billion more through a convertible bond, the report said.