According to a report by the Financial Times, Donald Trump's social media company, Trump Media & Technology Group (DJT.O), is planning to raise approximately $3 billion to invest in cryptocurrencies, including Bitcoin. Sources indicate that the company aims to secure about $2 billion through new equity financing and will refinance $1 billion in convertible bonds. However, the specific terms, timing, and scale of the financing may still change.

This potential investment plan has sparked interest in the market, especially as Trump Media seeks to expand into the financial services domain. The company, which is the parent of the social platform Truth Social, is currently exploring merger opportunities and intends to launch cryptocurrency and Exchange-Traded Funds (ETFs) that align with its 'America First' policy. These initiatives are also under scrutiny by regulators and ethics watchdogs. Last month, Trump Media signed a binding agreement to advance the development of these investment products.

The Financial Times further reported that this financing plan is expected to be revealed ahead of a summit for cryptocurrency investors and advocates scheduled for this Monday. Trump's two sons, Donald Jr. and Eric, as well as Ohio Senator and potential Vice Presidential candidate JD Vance, are expected to speak at the event. As of now, Bitcoin's price has risen approximately 1.5%, marking the largest single-day increase in three days and reaching its highest point in four days.