Trump Media Group registers up to $12 billion in new securities in new S-3 filing, potentially for Bitcoin purchases
Crypto KOL @btcNLNico disclosed key points from the S-3 filing submitted by Trump Media & Technology Group (DJT) on the X platform yesterday:
1. Official adoption of a Bitcoin treasury strategy.
2. Registered new securities up to $12 billion, which can be used to purchase Bitcoin.
3. This is an additional amount on top of approximately $2.44 billion previously raised through private placements.
4. The document mentions Bitcoin 362 times, whereas the previous S-3 filing mentioned it only once. If they complete the entire securities issuance, they could theoretically purchase about 140,000 Bitcoins at the current price.
Note: The S-3 filing must be approved by the U.S. Securities and Exchange Commission (SEC) with Form EFFECT to become effective.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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