Trump Media Seeks to Raise $12 Billion in New Stock Offering Amid Bitcoin Plans
Trump Media and Technology Group (DJT), the parent company of social media platform Truth Social, has filed paperwork with the SEC to register the issuance of up to 84.7 million shares of common stock, aiming to raise approximately $12 billion.
This registration follows a recent $2.44 billion fundraising round, part of the company’s strategy to build a Bitcoin treasury. DJT has also filed to list a Bitcoin ETF, potentially adding to the growing range of spot Bitcoin investment products in the U.S.
Shares of DJT fell over 8% to close at $20.12 on Thursday, impacted by news of a public disagreement between Donald Trump and Elon Musk.
