According to the new S-3 submission, President Donald Trump’s media company has registered up to $12 billion in new securities.
Trump Media and Technology Group (DJT), the parent company of social media platform Truth Social, was registered with the U.S. Securities and Exchange Commission (SEC) on Thursday to issue 84,657,181 shares of common stock.
The company signed a $2.444 billion funding agreement last week to establish the Bitcoin Treasury Department. Following this announcement, TMTG filed documents with the SEC to list the Bitcoin Exchange Trade Fund (ETF), similar to existing 11-spot BTC products trading in the US.
DJT shares closed at $20.12 on Thursday, lowering more than 8% the day after news of President’s Spat with Elon Musk.