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Trump Media, the parent company of Truth Social, is considering a new stock issuance worth 12 billion Dollars | CoinDesk JAPAN
! Trump Media, the parent company of Truth Social, considers issuing $12 billion worth of new shares
TMTG is the parent company of the social media platform Truth Social and registered the issuance of 84,657,181 shares of common stock with the U.S. Securities and Exchange Commission (SEC) on the 5th.
TMTG last week arranged a funding deal of 2.44 billion Dollars (approximately 353.8 billion yen) to establish a Bitcoin Treasury (finance). Following this announcement, the company submitted documents to the SEC for the listing of a Bitcoin ETF similar to the existing 11 spot Bitcoin ETFs traded in the United States.
The TMTG stock price closed at 20.12 Dollar (approximately 2900 yen) on the 5th, falling more than 8% on this day following reports of a skirmish between President Trump and Elon Musk.
| Translation & Editing: Rin Han | Image: CoinDesk ｜Original: Trump Media, Owner of Truth Social, Looks to Issue $12B Worth of New Shares