Trump Media Slams Crypto Investment Rumors, Calls $3 Billion Bitcoin Report ‘Foolish’
By [khadija khan] | May 25, 2025
FnF News
In a strongly worded response to recent media coverage, Trump Media & Technology Group (TMTG), the parent company of Truth Social, has denied reports that it plans to raise $3 billion to invest in Bitcoin and other cryptocurrencies. The company labeled the rumors as “nonsense” and criticized the journalists behind the claims as “foolish writers relying on even more foolish sources.”
🔍 The Origin of the Rumor
The Financial Times first reported that Trump Media was planning to raise capital—$2 billion through new equity and another $1 billion in convertible bonds—to fund large-scale investments in digital assets, including Bitcoin. According to the article, the company’s internal documents outlined plans to launch a suite of crypto products such as:
- Truth.Fi (a decentralized finance platform)
- A Truth-branded digital wallet
- Investment in Bitcoin, crypto ETFs, and even meme coins
- Exploration of NFTs and mining operations
The report quickly gained traction, especially in crypto circles and among political commentators, with many interpreting the move as a bold financial pivot aligned with former President Donald Trump’s recent pro-crypto rhetoric.
🛑 The Pushback
However, Trump Media issued a categorical denial late Sunday night through a statement on Truth Social, saying:
“There is no $3 billion Bitcoin plan. These are lies cooked up by foolish writers relying on even more foolish sources. Trump Media remains focused on building out Truth Social and defending free speech online.”
A spokesperson for the company added that it had “no immediate or active plans” to pursue crypto investments and that any speculation about mining, memecoins, or wallets was “not grounded in reality.”
📈 Political & Financial Context
The rumors coincided with the upcoming Bitcoin 2025 Conference in Las Vegas, where Donald Trump Jr., Eric Trump, and other conservative influencers are expected to speak. Trump’s recent public statements have suggested a more crypto-friendly stance, including a promise to make the U.S. the “dominant hub for digital currency innovation” if re-elected in 2024.
While TMTG’s outright denial quells short-term speculation, some analysts argue that the attention may signal long-term ambitions for involvement in blockchain technologies, especially as conservative-aligned tech platforms seek alternatives to traditional financial systems.
📉 Impact on Stock and Market Speculation
Shares of Digital World Acquisition Corp (DWAC), the SPAC tied to Trump Media, initially saw an uptick following the FT report. However, after the company’s denial, the stock’s momentum faded in pre-market trading.
Market analysts warn that repeated rumors and denials may create volatility in DWAC’s price as investor sentiment swings between excitement over potential innovation and frustration over lack of clarity.
📌 Conclusion
Though the speculation surrounding Trump Media’s $3 billion crypto investment has been strongly denied, the conversation around political engagement in the crypto industry is far from over. As Trump’s 2024 campaign continues to evolve—and as Truth Social looks for ways to grow—many eyes will remain fixed on whether TMTG eventually enters the digital asset arena.
📰 Sources:
🏷 Tags:
#TrumpMedia
#TruthSocial
#Cryptocurrency
#Bitcoin
#FinancialRumors
#DigitalAssets
#DonaldTrump
#CryptoNews