According to a report from GlobeNewswire on June 14, Trump Media Technology Group (DJT) announced that the previously submitted S-3 registration statement has been approved by the U.S. SEC. The statement involves a debt and equity financing agreement reached with approximately 50 investors, with a total fundraising amount of about $2.3 billion, making it one of the largest Bitcoin treasury transactions to date for a publicly traded company. The funds will be used to establish a Bitcoin treasury and for general corporate purposes, and to register 56 million shares of stock and 29 million convertible notes. The document also includes a universal shelf registration to provide flexibility for subsequent capital operations. Previously, it was reported that the Trump Media Group registered new securities in the new S-3 document for up to $12 billion, which can be used to purchase Bitcoin. Earlier, Trump Media Technology Group registered new securities in the new S-3 document for up to $12 billion, which can be used to purchase Bitcoin.
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According to a report from GlobeNewswire on June 14, Trump Media Technology Group (DJT) announced that the previously submitted S-3 registration statement has been approved by the U.S. SEC. The statement involves a debt and equity financing agreement reached with approximately 50 investors, with a total fundraising amount of about $2.3 billion, making it one of the largest Bitcoin treasury transactions to date for a publicly traded company. The funds will be used to establish a Bitcoin treasury and for general corporate purposes, and to register 56 million shares of stock and 29 million convertible notes. The document also includes a universal shelf registration to provide flexibility for subsequent capital operations. Previously, it was reported that the Trump Media Group registered new securities in the new S-3 document for up to $12 billion, which can be used to purchase Bitcoin. Earlier, Trump Media Technology Group registered new securities in the new S-3 document for up to $12 billion, which can be used to purchase Bitcoin.