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

    SEC Slows Tokenization Plan Again as Officials Question ‘Innovation Exemption’

    The U.S. Securities and Exchange Commission is expected to postpone its proposed “innovation exemption” for tokenized securities once again, as concerns from the White House and Wall Street reportedly complicate…

    Continue reading
    SEC Puts Reg Crypto Proposal on Hold, No New Meeting Date Announced

    The U.S. Securities and Exchange Commission has delayed its long-awaited “Regulation Crypto” initiative after abruptly canceling a meeting that had been scheduled for Friday. The SEC was expected to unveil…

    Continue reading