Trump Media Group Registers Up to $12 Billion in New Securities in New S-3 Filing That Can Be Used to Buy Bitcoin

PANews June 6 news, crypto KOL @btcNLNico disclosed on the X platform the key points of the S-3 filing submitted by Trump Media & Technology Group (DJT) yesterday: 1. Officially adopted the Bitcoin vault strategy. 2. Registered up to $12 billion in new securities, which can be used to purchase Bitcoin. 3. This is an additional amount based on the approximately $2.44 billion in funds previously raised through private placement. 3. The document mentions Bitcoin 362 times, while it was only mentioned once in the previous S-3 filing. If they complete the issuance of all securities, they can theoretically purchase about 140,000 Bitcoins at the current price.

Note: The S-3 filing document must be approved by the U.S. Securities and Exchange Commission (SEC) on Form EFFECT before it can take effect.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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