Trump Media Rejects $3 Billion Crypto Fundraising Plan, Citing Accuracy Concerns

Trump Media Group (TMTG), the company behind Truth Social, has refuted reports alleging a $3 billion crypto fundraising plan. TMTG denies the claims made in a recent Financial Times report and insists no such strategy exists. The report suggested TMTG would raise funds through equity and convertible bonds to invest in Bitcoin and other digital assets. The firm categorically rejected these allegations as inaccurate, emphasizing that there are no plans for capital allocation into cryptocurrencies.