Trump Media & Technology Group (TMTG) has announced plans to raise up to $12 billion through a securities offering, fueling speculation about how the funds might be used. Although the exact purpose remains unclear, recent actions suggest that some of this money could be allocated towards expanding TMTG’s Bitcoin holdings. 84.6 million shares of common stock are set for sale at a value of $0.0001 each as part of the offering. Institutional investors will also receive private placement opportunities to acquire 55.8 million shares valued at $25.72 per share, totaling approximately $1.44 billion. TMTG has the flexibility to sell these shares at varying prices through multiple channels including underwriters and dealers. TMTG’s recent disclosure of a $3 billion Bitcoin acquisition fund, followed by raising another $2.5 billion in stock and convertible notes, further fuels speculation that this new funding will be used for more BTC purchases.