Trump Media & Technology Group Files S-3 Registration Statement, Launches $2.3 Billion Bitcoin Reserve Plan

BlockBeats News, June 6th, Trump Media Group (Nasdaq, NYSE Texas: DJT) announced that it has submitted an S-3 registration statement to the U.S. Securities and Exchange Commission regarding a previous debt and equity subscription agreement signed with approximately 50 investors, with a total revenue of approximately $2.3 billion. This is referred to as "one of the largest publicly traded company Bitcoin reserve transactions."

The registration statement includes the resale of approximately 56 million shares of stock and 29 million shares of convertible bonds to investors, as well as a shelf registration for future mergers and capital raising to provide flexibility for the company. CEO Devin Nunes stated that these measures will provide Trump Media with the capital, assets, and independence needed to achieve rapid expansion and attract more users to the "patriotic economy."