Trump Media and Technology Group Corp. (DJT), the parent company of Truth Social, has filed a Form S-3 registration statement with the US Securities and Exchange Commission (SEC). This will help to facilitate the resale of securities tied to its recently announced $2.3 billion Bitcoin treasury initiative.
The filing relates to 56 million shares of common stock and 29 million shares underlying convertible notes purchased by approximately fifty investors under debt and equity subscription agreements. The funds are intended to fund the Bitcoin treasury and for general corporate purposes.
In addition to the resale registration, Trump Media has come to market with a universal shelf registration as part of the S-3 filing.
Such provision provides the flexibility to undertake capital-raising transactions in the future, such as mergers and acquisitions or at-the-market offerings. There are no current plans, proposals, or arrangements to issue any of these securities under the shelf registration statement at this time.
Trump Media joins Bitcoin power players with bold treasury bet
The company’s Bitcoin treasury initiative marks a bold entry into the cryptocurrency space, mirroring similar moves by industry giants like MicroStrategy and Tesla.
While investor participation in the funding round reflects strong confidence, the registration of a large number of shares for resale raises questions about future market supply pressure. Although no acquisition targets have been disclosed, the mention of pursuing “crown jewel assets” signals an ambitious plan for strategic growth and expansion.
CEO Devin Nunes said the moves are meant to give the company the capital and flexibility it needs for “aggressive growth” and to engage more users on its platforms, which include Truth Social, the streaming app Truth+, and the fintech brand Truth. Fi.
This puts Trump Media among an expanding group of public companies that hold Bitcoin as a treasury asset. The company’s stock has been volatile, declining 56.3% over the last 12 months, though it has recently tried to shore up its financial position.
The S-3 filing is a major step for Trump Media’s pivot to crypto investments, with the move indicative of a more general trend toward institutionalizing cryptocurrencies.
Trump tightens pro-crypto grip as key nominees advance in Senate
Trump Media’s crypto initiatives occur within a shifting regulatory landscape. President Trump’s administration has taken steps to roll back previous crypto regulations. This includes appointing crypto-friendly officials and banning a US central bank digital currency. These policy changes aim to position the United States as a global leader in digital assets.
Just a few hours ago, the US Senate confirmed Federal Reserve Governor Michelle Bowman to serve as vice chair for supervision at the central bank — a move that Sen. Cynthia Lummis said “signals a brighter future for digital assets.”
Bowman, who received President Trump’s nomination for the role in March, secured confirmation in a 48-46 Senate vote. She has served as a Fed governor since 2018.
In April, during her testimony before the Senate Banking Committee, Bowman criticized the US regulatory framework as having “grown expansively to become overly complicated and redundant,”. She cited conflicting and overlapping requirements. Notably, she did not reference cryptocurrency during her nomination hearing.
The Senate Agriculture Committee is also scheduled to consider Trump’s nomination of Brian Quintenz to chair the Commodity Futures Trading Commission on June 10.
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