Trump Media Files for Up to $12 Billion Stock Offering to Fund Bitcoin Expansion
Trump Media and Technology Group (DJT), owner of the Truth Social platform, has filed with the SEC to register up to 84.7 million shares of common stock to raise as much as $12 billion.
This new equity offering follows a recent $2.44 billion funding round aimed at kickstarting a Bitcoin treasury strategy. The company also submitted paperwork for a Bitcoin ETF that would join the growing selection of spot BTC products available in the U.S. market.
DJT shares ended Thursday trading at $20.12, down more than 8%, amid public disagreements between Donald Trump and Elon Musk.
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