Trump Media Raises $12 Billion In Securities for Bitcoin Purchase

Trump Media and Technology Group (TMTG) has recently augmented its financial capacity through the registration of $12 billion in new securities, as indicated in its latest S-3 filing.

This development arrives shortly after the media conglomerate concluded a $2.3 billion Treasury deal, prompting speculation regarding the allocation of these newly acquired funds. Intriguingly, TMTG is expanding its financial resources concurrently with the U.S. Congress’s consideration of the “Beautiful Bill,” a legislative proposal aimed at increasing government expenditure.

Trump Media’s Bitcoin Strategy

The S-3 filing above, submitted after the closure of the $2.3 billion Bitcoin Treasury Deal, explicitly outlines the potential utilization of the $12 billion in registered securities for the acquisition of additional Bitcoin (BTC). Should the filing receive the requisite approval, TMTG would possess the financial wherewithal to procure approximately 140,000 BTC at the prevailing market price.

Notably, the recent filing demonstrates a heightened emphasis on Bitcoin, with 362 mentions of the cryptocurrency, a significant increase from the single mention in the preceding S-3 filing. This disparity underscores TMTG’s evolving commitment to Bitcoin as a strategic asset within its financial portfolio.

The S-3 filing requires official approval from the U.S. Securities and Exchange Commission (SEC) before it can be initiated. This process happens as the House of Representatives has approved the “Beautiful Bill,” a spending plan backed by Donald Trump, which now awaits Senate approval.

Coinbase CEO Brian Armstrong posted on X that he believes the “Beautiful Bill” could benefit Bitcoin, potentially making it a top reserve asset. The bill aims to allocate more funds to specific areas and may also increase the U.S. debt limit.

Furthermore, Bitcoin supporter Max Keiser claims President Trump is using the bill to grow his Bitcoin holdings, calling it an “invite to print-to-death.” The timing of TMTG’s S-3 filing, just before the Senate vote, has strengthened these suspicions even further.

Truth Social Nears Launching Bitcoin ETF

CoinTab reported on June 4th that Trump’s Truth Social platform is reportedly considering launching its own Bitcoin ETFs, capitalizing on the success of these products over the first year and a half. On June 5th, Truth Social registered a new company, “Truth Social Bitcoin and Ethereum ETF,” as a Bitcoin Trust in Nevada.

The SEC filing states that the ETF will track Bitcoin’s price fluctuations. Truth Social and Yorkville America Digital, LLC are collaborating on this project, while Foris DAX Trust Company will serve as the custodian of the Bitcoin.

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