The parent company behind the social media platform Truth Social has filed a registration application with the U.S. Securities and Exchange Commission (SEC) to issue up to 84,657,181 shares of common stock, potentially raising up to $12 billion. TMTG, the company listed under the stock symbol DJT, submitted this application on Thursday after filing a recent $2.44 billion financing deal intended for Bitcoin reserve establishment last week. The latest move comes as TMTG seeks to bolster its financial resources through this offering. A Bitcoin ETF application was also filed, aiming to create a product similar to existing spot Bitcoin ETFs traded in the U.S. This follows news of escalating tensions between U.S. President Donald Trump and Tesla CEO Elon Musk, which has affected DJT’s stock prices, declining over 8% on Thursday.