Trump Media Registers for $12 Billion in New Shares
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Trump Media Registers for $12 Billion in New Shares

Trump Media, the owner of Truth Social, has filed to issue over 84 million shares, seeking to raise up to $12 billion.

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Trump Media and Technology Group (DJT), which operates Truth Social, has filed with the U.S. Securities and Exchange Commission (SEC) to offer up to 84,657,181 shares of Common Stock, seeking to generate up to $12 billion.

Earlier, this week, they concluded a $2.44 billion fundraising round to establish a bitcoin treasury and announced plans to introduce a bitcoin ETF (exchange-traded fund) akin to existing spot BTC products in the U.S.

DJT shares were recorded at $20.12 at the close on Thursday, reflecting over an 8% decline, following media coverage of a conflict involving President Trump and Elon Musk.

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