crypto

Yaël Bizouati-Kennedy5/27/25

Trump Media raising $2.5 billion to establish bitcoin treasury

Trump Media & Technology Group announced today they will “issue and sell approximately $1.5 billion in the Company’s common stock and $1.0 billion in principal amount of 0.00% convertible senior secured notes” to establish a bitcoin treasury.

Yesterday, The Financial Times reported the company was raising $3 billion to buy bitcoin and other crypto assets. Trump Media shares were up as much as 13% in premarket Monday morning but dropped 9% after the market opened. Bitcoin’s price was hovering around $110,000 this morning, just days after reaching a new all-time high of $111,814 on May 22.

The move comes ahead of the Bitcoin 2025 conference in Las Vegas. Vice President JD Vance, as well as President Trump’s sons Eric and Donald Jr., are speaking at the event.

The company earlier denied the FT report, telling the outlet in a statement, “Apparently the Financial Times has dumb writers listening to even dumber sources.”

This would be the latest in a growing move into crypto for the Trump family. Last week, Trump hosted his trump meme coin dinner, which sparked considerable controversy.

Trump Media, the parent company of Truth Social, announced the launch of the financial services and fintech brand Truth.Fi in January, and in February, it applied for trademarks for a slew of “America First-themed” ETFs, including one for bitcoin, the Truth.Fi Bitcoin Plus ETF.

Trump Media Announces Approximately $2.5 Billion Bitcoin Treasury Deal

Trump Media Announces Approximately $2.5 Billion Bitcoin Treasury Deal

The move comes ahead of the Bitcoin 2025 conference in Las Vegas. Vice President JD Vance, as well as President Trump’s sons Eric and Donald Jr., are speaking at the event.

The company earlier denied the FT report, telling the outlet in a statement, “Apparently the Financial Times has dumb writers listening to even dumber sources.”

This would be the latest in a growing move into crypto for the Trump family. Last week, Trump hosted his trump meme coin dinner, which sparked considerable controversy.

Trump Media, the parent company of Truth Social, announced the launch of the financial services and fintech brand Truth.Fi in January, and in February, it applied for trademarks for a slew of “America First-themed” ETFs, including one for bitcoin, the Truth.Fi Bitcoin Plus ETF.

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crypto

Sage D. Young4/22/26

Justin Sun sues Trump-backed World Liberty over frozen tokens

Crypto billionaire Justin Sun, owner of the world’s most expensive banana, was named an adviser to World Liberty Financial the day after investing $30 million in the project. (He’d later boost that with $45 million more.) Sun has long been a supporter of President Trump, and has not once, but twice topped a competition to amass the most $TRUMP coins. But it seems even for Sun, the gold has turned brass.

Sun announced on social media that he’s filed a lawsuit in a California federal court against the crypto project backed by Trump.

The lawsuit alleges World Liberty engaged in an “illegal scheme to seize property” and “positioned itself as the new boogeyman” by stripping Sun of his governance rights, threatening to burn his WLFI tokens, and freezing his stash, which at times were worth $1 billion, according to the complaint dated on Tuesday.

“I have tried in good faith to resolve this situation with the World Liberty project team without resorting to litigation,” Sun wrote in a lengthy X post on Tuesday night. “But the project team has refused my requests to unfreeze my tokens and restore my rights as a token holder. They have left me with no choice but to turn to the courts.”

The complaint also alleged that World Liberty appears to be in financial trouble, citing concerns over whether the project can repay an on-chain loan that was collateralized by using, at the time, $5 billion worth of WLFI. The token reached an all-time low less than two weeks ago.

Despite the escalation with World Liberty, Sun said the lawsuit does not change his feelings about Trump or his administration. “I have always been — and remain — an ardent supporter of President Trump and his Administration’s efforts to make America crypto friendly,” he said.

Blockchain billionaire Sun takes Trump family’s crypto firm to court

Blockchain billionaire Sun takes Trump family’s crypto firm to court

The lawsuit alleges World Liberty engaged in an “illegal scheme to seize property” and “positioned itself as the new boogeyman” by stripping Sun of his governance rights, threatening to burn his WLFI tokens, and freezing his stash, which at times were worth $1 billion, according to the complaint dated on Tuesday.

“I have tried in good faith to resolve this situation with the World Liberty project team without resorting to litigation,” Sun wrote in a lengthy X post on Tuesday night. “But the project team has refused my requests to unfreeze my tokens and restore my rights as a token holder. They have left me with no choice but to turn to the courts.”

The complaint also alleged that World Liberty appears to be in financial trouble, citing concerns over whether the project can repay an on-chain loan that was collateralized by using, at the time, $5 billion worth of WLFI. The token reached an all-time low less than two weeks ago.

Despite the escalation with World Liberty, Sun said the lawsuit does not change his feelings about Trump or his administration. “I have always been — and remain — an ardent supporter of President Trump and his Administration’s efforts to make America crypto friendly,” he said.

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