Trump Media Files SEC Form S-3 to Boost Bitcoin Holdings With $12B Raise

• With the proceeds of the 84.6 million shares sale, Trump Media can purchase approximately 140,000 BTC at current prices, marking a strategic shift in the company’s treasury management.
• Truth Social, a subsidiary of TMTG, filed to establish the “Truth Social Bitcoin and Ethereum ETF,” aiming to capitalize on the growing popularity of ETFs.

As per the latest S-3 filing,  Trump Media and Technology Group (TMTG) has registered to raise $12 billion in securities, which could be potentially used to fund new Bitcoin purchases. This development comes within a week of TMTG announcing a $2.3 billion Bitcoin Treasury deal.

Although the previous filing mentioned Bitcoin only once, the latest S-3 filing has a staggering 362 mentions, highlighting a greater focus on BTC investments.

Trump Media to Issue 84.6 Million Shares, Raising $12 Billion for Possible Bitcoin Purchase

The Tremo Media Group (TMTG), which is also the parent company of Truth Social, filed with the U.S. Securities and Exchange Commission (SEC) to register 84,657,181 shares of Common Stock worth $12 billion. If approved, the company could utilize the proceeds to acquire approximately 140,000 Bitcoin at current market prices.

Interestingly, this filing comes just ahead of the Donald Trump-backed ‘Beautiful bill’ on government spending proceeds to the Senate vote. Analysts suggest the timing reflects a deliberate strategy to integrate cryptocurrency into broader financial frameworks.

The move marks a significant shift in Trump Media’s corporate treasury approach, prioritizing Bitcoin as a strategic asset. With a $12 billion allocation for digital assets, the company aims to leverage cryptocurrency’s potential as a long-term store of value. Last week, the Trump Media Group announced a $2.3 billion Bitcoin Treasury deal in the same regard, as mentioned in our previous story.

Bitcoin advocate Max Keiser has claimed that President Donald Trump is leveraging the newly proposed bill to bolster his Bitcoin holdings, describing it as an “invitation to print-to-death.”

Truth Social Files for Bitcoin ETFs

Yesterday, on June 5, parent group Truth Social submitted a filing to establish the “Truth Social Bitcoin and Ethereum ETF,” structured as a Nevada-based domestic trust. This initiative seeks to introduce Bitcoin-related investment products, inspired by the success of ETFs in major markets.

Eric Balchunas, a prominent ETF analyst, weighed on the recent filing, stating that the filing may face significant challenges due to its timing and market conditions. He added that the competition is already getting tougher by the day, with existing players like BlackRock (IBIT) and Fidelity (FBTC) dominating the market share in the Bitcoin ETF space. Furthermore, Trump’s political alignment might not find the Truth Social Bitcoin ETF enough investors upon launch.

However, Truth Social’s ETF initiative aligns with Trump Media’s broader strategy to integrate digital assets into its portfolio. By managing Bitcoin and Ethereum trusts through regulated frameworks, the company seeks to cement its role in the evolving landscape of crypto financial services.