📢 Trump Media Raises Bitcoin War Chest to $12 B
Trump Media & Technology Group (TMTG), the parent company behind Truth Social, has filed to raise a massive $12 billion through securities issuance to expand its Bitcoin-buying program .
🔍 What’s Going On:
This move builds on TMTG’s $2.5 B capital raise just weeks ago aimed at building a Bitcoin treasury .
The new proposal—nicknamed the “Beautiful Bill”—would significantly widen their crypto budget, though it still awaits Senate approval .
🏛 Broader Push into Crypto:
TMTG recently filed for a Truth Social Bitcoin ETF, aiming to let investors gain BTC exposure through NYSE Arca-listed funds .
This is part of a broader strategy to position the company and Trump himself as major players in digital assets—fueling speculation about policy changes under a future Trump administration .
🧭 Why It Matters:
Size & Scale: $12 B is a massive war chest—potentially rivaling pools held by blue-chip Bitcoin companies like MicroStrategy.
Regulatory Hurdles: Approval is not assured and will face intense scrutiny, especially amid concerns about Trump’s influence and conflicts .
Market Hype: If successful, this could drive strong retail and institutional interest in their ETF and Bitcoin holdings.
🔮 What to Watch:
Senate vote on the securities filing (including “Beautiful Bill” terms).
SEC approval timing for the Truth Social Bitcoin ETF.
$BTC price reaction to each funding milestone announcement.
