Owner of Truth Social, Trump Media, aims to issue $12 billion in fresh stock offerings.

Trump Media Files to Raise Up to $12 Billion Through New Share Offering

Trump Media and Technology Group (DJT), the parent company behind Truth Social, has submitted a filing to the SEC to register the sale of up to 84.6 million new shares of common stock, aiming to raise as much as $12 billion in fresh capital.

This move follows a recent $2.44 billion fundraising round that helped the company initiate its Bitcoin treasury plan. The filing also comes on the heels of DJT’s submission for a Bitcoin ETF, which, if approved, would join the growing roster of spot BTC investment products in the U.S.

Shares of DJT closed at $20.12 on Thursday, slipping over 8% amid reports of a public spat between former President Donald Trump and Elon Musk.

  • Related Posts

    Bitcoin Bulls Build $5B Options Fortress Around $70K-$72K Range

    Bitcoin options traders are signaling a bullish outlook, with a massive concentration of nearly $5 billion in open interest built around the $70,000 and $72,000 call strikes on Deribit. The…

    Continue reading
    Crypto Markets Stay Calm as Bitcoin Consolidates While Oil Nears $100

    Bitcoin remained near the $65,000 level on Friday as crypto markets moved higher despite a sharp increase in crude prices, with Brent oil approaching $100 per barrel amid ongoing geopolitical…

    Continue reading