TechFlow, June 14 — According to GlobeNewswire, Trump Media & Technology Group (DJT) announced that its previously filed S-3 registration statement has become effective with the U.S. SEC. The filing relates to a debt and equity financing agreement with approximately 50 investors, raising about $2.3 billion—among the largest Bitcoin treasury transactions by a public company to date. The funds will be used to establish a Bitcoin treasury and for general corporate purposes, registering 56 million shares of stock and 29 million shares underlying convertible notes. The filing also includes a universal shelf registration, providing flexibility for future capital activities.
Previously, Trump Media & Technology Group registered up to $12 billion in new securities in its updated S-3 filing, which could be used for purchasing Bitcoin.
