Trump Media Files Prospectus to Raise $12 Billion, Purchases $2.3 Billion in Bitcoin
Trump Media & Technology Group (TMTG) has filed a prospectus to offer various securities, aiming to raise up to $12 billion. The funding initiative is intended for expansion and securing financial backing.
- TMTG reportedly raised $2.3 billion last week, which was used to purchase Bitcoin.
- The prospectus does not explicitly mention cryptocurrency but indicates plans for flexible securities arrangements.
- It includes provisions for share sales through private placements and convertible debt.
- This strategy may suggest a shift towards a crypto-focused future or diversification of holdings.