Mr X
06/08 17:26

Trump Media and Technology Group, the parent company of Truth Social, has filed to register up to $12 billion in new securities following Bitcoin acquisition plans.
This move, disclosed in a recent S-3 filing, marks another significant step for the company, which recently concluded a $2.3 billion Bitcoin treasury deal.
The filing reveals plans to issue up to 84.6 million shares of common stock. However, the offering will not take effect until the SEC grants approval.
Trump Media’s decision to file for additional securities follows its recent involvement in acquiring Bitcoin. Last week, the company announced a Bitcoin treasury deal valued at $2.3 billion. This move aims to strengthen Trump Media’s capital position, as well as support its future expansion.
Notably, the company had previously denied reports suggesting it would raise a larger $3 billion fund for Bitcoin investments. Despite this, the current filing indicates the company’s intention to continue acquiring the cryptocurrency. With this, it positions itself alongside other firms like Strategy, which have adopted similar Bitcoin acquisition strategies.
Meanwhile, Trump Media’s growing interest in Bitcoin signals a broader trend among companies exploring ways to integrate the digital currency into their portfolios. Companies such as Marathon Digital and Metaplanet have also engaged in Bitcoin acquisitions.
Interestingly, new entrants have emerged. Specifically, KULR Technology entered the scene in December 2024 with $21 million worth of Bitcoin. Acurx Pharmaceuticals and Hoth Therapeutics also announced plans to acquire BTC this year. In addition, gold mining firm Bluebird recently became the latest entrant.
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