Trump Media and Technology Group (TMTG), the parent company of Truth Social, has filed to issue up to $12 billion in new shares. According to a recent S-3 registration with the U.S. Securities and Exchange Commission (SEC), the company aims to release 84,657,181 shares of common stock to the public.
This move marks a significant step in expanding its financial capabilities as it pivots further into the cryptocurrency sector.
The filing comes on the heels of a $2.44 billion fundraising deal, which the company closed last week. These funds are reportedly being allocated to establish a bitcoin treasury—a notable strategic shift aligning the company with digital asset investment trends.
SEC Filing Follows Bitcoin ETF Application
Following its major funding announcement, Trump Media also submitted paperwork to list a bitcoin exchange-traded fund (ETF). The ETF filing seeks to replicate the structure of other spot Bitcoin ETFs currently trading in the U.S. markets.
If approved, the ETF could position TMTG as a new player in the institutional crypto investment space, alongside existing market leaders.
Market Response and Stock Performance
The company’s stock, trading under the ticker DJT, closed at $20.12 on Thursday, representing a decline of over 8% on the day. The price movement followed public headlines involving a political dispute between Donald Trump and Tesla CEO Elon Musk, which may have influenced investor sentiment.
Despite the drop, the potential capital raise and cryptocurrency plans suggest the company is focusing on long-term growth through diversified digital strategies.
Trump Media Targets Crypto-Investment Leadership
By raising capital through a $12 billion stock registration and aligning with cryptocurrency markets, Trump Media is signaling a strong interest in becoming a prominent player in the evolving digital finance landscape.
The bitcoin treasury plan and ETF filing indicate a shift beyond social media into blockchain-based finance and investment.
Investors and analysts will be watching closely to see how the company executes this vision and how the market responds to its aggressive financial strategy in the months ahead.