06:14 AM EDT, 05/27/2025 (MT Newswires) -- Trump Media & Technology Group ( DJT ) plans to raise $3 billion to buy cryptocurrencies such as bitcoin, the Financial Times reported Monday, citing six unnamed people briefed on the matter.

The Trump family media company aims to raise $2 billion in fresh equity and $1 billion through a convertible bond, the sources said, adding that the terms, timing and size could still change.

The planned offering has recently been increased amid strong demand, two people familiar with the matter told the Financial Times.

The capital raising may be announced before a big meeting of crypto investors and advocates in Las Vegas this week, according to the report.

The secondary share offering is expected to be carried out on at-the-market terms, the Financial Times said. The company also reportedly plans to launch an exchange-traded fund focused on cryptocurrency.

The company did not immediately respond to MT Newswires' request for comment on the matter. Its shares were up more than 12% in recent premarket activity Tuesday.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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