Trump Media Submits SEC Filing to Register up to $12B for Bitcoin Reserve

CN
7 hours ago

Trump Media & Technology Group Corp. (Nasdaq, NYSE Texas: DJT), founded and majority-owned by President Donald Trump, disclosed on June 5 that it had filed a Form S-3 registration statement with the U.S. Securities and Exchange Commission (SEC) to register up to $12 billion in securities—a move that marks a major step in the company’s financing and strategic roadmap.

The universal shelf registration will allow the firm to issue a wide range of securities, including common stock, preferred stock, debt instruments, warrants, rights, and units. In the filing, the company stated:

The aggregate initial offering price of all securities sold by us under this prospectus will not exceed $12.0 billion.

The shelf provides broad flexibility for capital raises to support future initiatives, including mergers, acquisitions, or an At-The-Market (ATM) offering.

The registration follows Trump Media’s previously announced $2.3 billion financing through equity and debt subscription agreements involving approximately 50 investors. Proceeds from those agreements will be used to establish a corporate bitcoin reserve and support general operations. As part of its Form S-3 filing, the company is registering approximately 84.7 million shares of common stock for resale, covering 56 million equity shares and 29 million shares issuable from convertible notes.

While the company has not disclosed immediate plans to issue securities under the $12 billion shelf, it emphasized the importance of having these mechanisms available to pursue growth opportunities quickly and efficiently.

Trump Media is aligning its capital strategy with a long-term bitcoin treasury plan. “TMTG will acquire its bitcoin and bitcoin-related holdings in the amounts and on the timeline it deems optimal,” the company stated in the filing. It added

We will continue to implement our bitcoin strategy, including considering additional capital raises to purchase bitcoin and bitcoin-related products as market conditions permit.

CEO Devin Nunes characterized the registration as foundational to future expansion, asserting it provides “the capital, assets, independence, flexibility, and security we need to fulfill our goals of rapid expansion.” Despite litigation risks and market headwinds, Trump Media is positioning itself among a growing set of public companies leveraging bitcoin as a core financial asset. Trump Media is also currently seeking SEC approval to launch Truth Social Bitcoin ETF.

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