Trump Media raises 2.3 billion dollars, planning to create a vault for storing Bitcoin

On June 14, Trump Media submitted a document called S-3 to the SEC. The purpose of the document is to indicate that they want to raise a lot of capital for activities related to CRYPTO.

In their recent fundraising round, they raised 2.3 billion dollars from about 50 major investors. The goal is to use this money to create a cold storage vault for Bitcoin, a high-quality vault with strong security, resistant to hacking.

Trump Media stated that besides the vault, they also want to use the funds to undertake several other projects, such as developing CRYPTO products, expanding the ecosystem, like creating apps, improving security, and engaging in various DeFi virtual financial activities. They also want to issue more stocks and bonds in large quantities. They are using "shelf registration" essentially to allow for additional fundraising at any time without needing to wait.