Trump Media Files to Raise Up to $12 Billion in Stock to Support Bitcoin and Growth Plans
Trump Media and Technology Group (DJT), the parent company of Truth Social, has filed a registration statement with the SEC to issue as many as 84.7 million shares of common stock, potentially raising about $12 billion.
This latest move follows a $2.44 billion fundraising round that set the stage for the company’s Bitcoin treasury initiative. DJT also recently filed to launch a Bitcoin ETF, adding to the growing number of spot BTC products in the U.S. financial markets.
Shares of DJT closed down 8.1% at $20.12 on Thursday amid reports of a public feud between former President Donald Trump and Elon Musk.
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