Trump Media, Owner of Truth Social, Looks to Issue $12B Worth of New Shares

1 week ago

President Donald Trump's media institution has registered up to $12 cardinal successful caller securities, according to a caller S-3 filing.

Trump Media and Technology Group (DJT), genitor institution of societal media level Truth Social, registered with the U.S. Securities and Exchange Commission (SEC) to contented up 84,657,181 shares of Common Stock connected Thursday.

The institution past week closed a $2.44 cardinal fundraising deal to found a bitcoin treasury. This announcement was followed by TMTG filing paperwork with the SEC to list a bitcoin exchange-traded fund (ETF), akin to existing 11 spot BTC products that commercialized successful the U.S.

DJT shares closed astatine $20.12 connected Thursday, implicit 8% little connected the time pursuing quality of the President's spat with Elon Musk.

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