MSTR 2.0? Trump’s DJT Reportedly Eyes $3B Raise to Bet on Bitcoin

According to a Financial Times report published on May 26, Trump Media & Technology Group ($DJT) is planning to raise up to $3 billion to invest in cryptocurrencies like Bitcoin — mimicking the bold strategy made famous by MicroStrategy. The plan, if true, would mark a dramatic shift for DJT, which is currently best known as the parent company of Truth Social.

Following the news, most major cryptocurrencies surged. Bitcoin ($BTC) briefly jumped over 2%, hovering near the $110,000 mark. Ethereum ($ETH) and XRP ($XRP) gained over 1%, while Solana ($SOL) and Dogecoin ($DOGE) spiked more than 3%.

Per FT, DJT intends to raise $2 billion through new stock issuance and another $1 billion via convertible bonds. The goal: build a massive crypto portfolio and potentially transform DJT into a “publicly traded crypto ETF” — turning a social media holding company into a crypto proxy stock.

The deal is reportedly being advised by ClearStreet and BTIG and could be announced ahead of a major crypto conference in Las Vegas this week — an event where Donald Trump Jr., Eric Trump, and longtime ally David Sacks (often dubbed Trump’s “crypto czar”) are expected to speak.

But DJT Calls It “Fake News”

DJT quickly pushed back against the Financial Times report. In a sharply worded statement, the company said: “Apparently the Financial Times has dumb writers listening to even dumber sources.”

However, DJT stopped short of outright denying the report.

Echoes of MicroStrategy?

This wouldn’t be the first time a company tried to reinvent itself through a crypto pivot. Back in 2020, MicroStrategy (now rebranded as Strategy) pioneered this playbook. What started as a relatively obscure software firm became a market sensation after pouring billions into Bitcoin — mostly using borrowed money. At its peak, MSTR’s market cap soared past $100 billion, driven almost entirely by crypto speculation.

DJT, currently valued at around $6 billion, may be aiming to replicate that success — despite its core business (Truth Social) generating little meaningful revenue. The reported fundraise would be priced at Friday’s closing share price of $25.72.

And this might just be the beginning. The FT report suggests that DJT could also launch a crypto-themed ETF and eventually build a retail-facing crypto investment platform — all under the Trump brand. The idea: combine Wall Street liquidity with meme-driven crypto enthusiasm under a high-profile political-celebrity umbrella.

Political Money Meets Digital Assets

The implications could be massive. Donald Trump remains the largest shareholder in DJT, though his holdings are in a trust controlled by his son. While this setup offers some legal distance, the power clearly remains within the family.

Trump has recently positioned himself as a strong advocate for digital assets, promising to make the U.S. the global leader in crypto. His inner circle already has ties to NFTs, memecoins, and crypto mining. Just last week, Mar-a-Lago hosted a private dinner for memecoin backers.

The FT report suggests this week’s Vegas crypto conference could be the perfect stage for a formal announcement.

The Broader Implications

Even if the reported fundraising never materializes, the trend is unmistakable: crypto is becoming tightly intertwined with U.S. politics and capital markets.

Ripple just acquired digital asset brokerage Hidden Road for $1.25 billion — a bold bet that crypto inflows will increase under a second Trump presidency. Meanwhile, the son of U.S. Commerce Secretary Howard Lutnick is preparing to launch a $3.6 billion Bitcoin platform backed by Tether and SoftBank.

All of this has raised eyebrows. Critics question whether a presidential candidate — or their family — should be allowed to profit directly from crypto investments while also shaping the regulatory environment.

DJT’s stock is already known for its volatility. A pivot to crypto could amplify that, turning the stock into a high-stakes, politically charged crypto proxy.

Final Thoughts

Whether DJT ends up deploying $3 billion into crypto or not, one thing is clear: this is no longer just about digital assets. It’s about power, politics, capital markets, and influence — all converging at lightning speed.

If the plan goes ahead, DJT could become the next MSTR — but with even higher stakes, and under far more political scrutiny.

#trump #crypto