Trump Media Company registers to issue $12 billion in new securities

Trump Media (TMTG), the parent company of the Truth Social platform, has registered with the SEC to issue more than 84 million shares of common stock, with a total value of up to $12 billion.

The purpose of this funding has not yet been disclosed.

However, just last week, the company completed a deal to raise $2.44 billion to establish a Bitcoin reserve and filed for a Bitcoin ETF listing.