Trump Media Registers to Issue Up to $12 Billion in Common Stock
Trump Media and Technology Group (DJT), the parent company of social media platform Truth Social, has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) to issue up to 84,657,181 shares of common stock, potentially raising as much as $12 billion.
The filing comes shortly after the company closed a significant $2.44 billion fundraising round aimed at establishing a Bitcoin treasury. Following that milestone, TMTG also submitted paperwork to the SEC to list a Bitcoin exchange-traded fund (ETF), which would resemble the existing 11 spot BTC products currently traded in the U.S.
On Thursday, DJT shares closed at $20.12, down more than 8%, reacting to news of a public disagreement between President Donald Trump and tech billionaire Elon Musk.
