Trump Media Seeks $12 Billion Funding Following Bitcoin Acquisition

Trump Media Group (TMTG) is seeking a substantial funding of up to $12 billion through a diverse securities offering, following the recent acquisition of over $2.5 billion in Bitcoin. The company’s move comes amid increasing interest in cryptocurrency among corporations. 84.6 million shares of TMTG common stock will be offered at a price of $0.0001 per share, with the remaining capital to be raised through private placement and convertible instruments. While the specifics on how the funds will be utilized remain unclear, TMTG’s recent purchase of Bitcoin suggests potential future investments in this sector.