According to ChainCatcher news reported by GlobeNewswire, Trump Media & Technology Group (DJT) announced that the previously submitted S-3 registration statement has been approved by the U.S. SEC and is now effective. The statement involves a debt and equity financing agreement reached by the company with approximately 50 investors, with a total fundraising amount of about $2.3 billion, which is one of the largest Bitcoin treasury transactions to date for a publicly listed company. The funds will be used to establish a Bitcoin treasury and for general corporate purposes, and to register 56 million shares of stock and 29 million convertible notes. The documents also include a universal shelf registration to provide flexibility for future capital operations.
Previously, Trump Media Group registered new securities of up to $12 billion in the new S-3 filing, which can be used to purchase Bitcoin.