This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy.
Trump Media and Technology Group (NASDAQ: DJT), the progenitor of a host of products and services that range from the Truth Social app to the upcoming Separately Managed Accounts (SMAs) and ETFs under the Truth.Fi banner, appears to be pushing back against reports of an imminent capital raise.
For the benefit of those who might not be aware, the Financial Times has just come out with a new report that indicates Trump Media and Technology Group is preparing to raise $3 billion in new capital to invest in cryptocurrencies, with $2 billion reportedly being raised via the equity financing route, and another $1 billion via convertible notes.
Do note that Trump Media and Technology Group's cash balance stood at $777 million as of the end of 2024.
Bear in mind that Trump Media's board approved back in January the diversion of up to $250 million towards setting up customized SMAs and ETFs under the Truth.Fi brand. In April, Trump Media officially launched this service in partnership with the asset management firm, Yorkville America Equities, and the provider of thematic investment solutions, Index Technologies Group.
Trump Media's board has also approved the creation of a "strategic acquisition fund with select investors" to explore "opportunities to partner, merge with and/or acquire other participants in the growing America First Economy ..."
This brings us to the crux of the matter. According to the Financial Times, Trump Media is slated to announce its new capital raise exercise ahead of this week's Bitcoin 2025 Las Vegas event.
However, Trump Media has now cast a pall on these reports by responding to a request for a comment from Reuters with the disparaging "fake news" label:
Trump Media Group responded to a Reuters request for comment by calling both Reuters and the Financial Times "fake news" outlets.
Trump Media and Technology Group shares are up 3.5 percent over the past five trading days. So far this year, however, the stock is down 24.40 percent.
About the author: Writing is my one incontrovertible passion. Over the past six years, he has authored over 2,200 distinct articles on financial and tech-related topics, spanning nearly 1 million words. And he has been a member of Wcctech mobile team since 2025. As an alumnus of the University of Toronto, Rotman Commerce Program, I bring nuance, in-depth knowledge, and a unique perspective to every topic that I cover. When I'm not writing, I'm traveling the world, exploring hidden confectionaries and restaurants as an aspiring food connoisseur.
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