Trump Media Secures $2.3 Billion for Bitcoin Treasury, Growth

Trump Media & Technology Group has filed an S-3 registration statement with the U.S. Securities and Exchange Commission, detailing a significant financial maneuver. The company, which operates the social media platform Truth Social, the streaming platform Truth+, and the FinTech brand Truth.Fi, has secured approximately $2.3 billion in total proceeds from debt and equity subscription agreements with around fifty investors. This substantial influx of capital is earmarked for the creation of a Bitcoin treasury and for general corporate purposes, marking one of the largest Bitcoin treasury deals for a public company to date.

The registration statement seeks to register for resale approximately 56 million shares of equity and 29 million shares underlying convertible notes, in compliance with the previously disclosed agreements. This move aligns with Trump Media's recent eligibility for Form S-3, allowing the company to include a universal shelf within the registration statement. This shelf registration provides Trump Media with the flexibility to pursue various initiatives related to its growth strategy, including potential mergers and acquisitions, and utilizing capital raising tools such as a possible At-The-Market (ATM) offering. However, the company has no immediate plans to issue any securities under the shelf registration statement.

Trump Media's CEO and President, Devin Nunes, highlighted the strategic importance of these activities. He stated that these financial maneuvers will provide the company with the necessary capital, assets, independence, flexibility, and security to fulfill its goals of rapid expansion. The company aims to guarantee a wide array of ways to access the capital markets when it is most advantageous, systematically putting in place all the elements needed to grow according to its plans, acquire crown jewel assets, and draw more customers and users into the patriot economy.

The press release also includes a cautionary statement about forward-looking statements, emphasizing that the company's plans, strategies, and prospects are subject to risks, uncertainties, and assumptions. These forward-looking statements are not guarantees of future performance and involve factors that may cause actual results to differ materially from the expectations described.

Trump Media's mission is to end Big Tech's assault on free speech by opening up the Internet and giving people their voices back. The company operates Truth Social, a social media platform established as a safe harbor for free expression amid increasingly harsh censorship by Big Tech corporations. Additionally, Truth+ is a TV streaming platform focusing on family-friendly live TV channels and on-demand content. Trump Media is also launching Truth.Fi, a financial services and FinTech brand incorporating America First investment vehicles.