🚀 Trump Media Technology Group to List on New York Exchange Division
#TrumpMedia #TruthSocial #NewYorkStockExchange #Texas #Nasdaq #DJT
According to Foresight News, Trump Media Technology Group (DJT.O), the operator of Truth Social, announced on Monday its intention to list on the newly established division of the New York Stock Exchange in Texas. The company will use the same code for this listing. Despite this move, its primary listing location will remain on the Nasdaq Stock Exchange. This development follows the New York Stock Exchange's announcement over a month ago regarding its plans to open a trading division in Texas.#TrumpMedia #TruthSocial #NewYorkStockExchange #Texas #Nasdaq #DJT
🚀 Truth Social Parent Company Files for Major Stock Offering
#TruthSocial #StockOffering #TMTG #SEC #Bitcoin #ETF #Trump #DJT #Financing #SocialMedia #BTC
According to BlockBeats, the parent company of social media platform Truth Social has filed a registration application with the U.S. Securities and Exchange Commission (SEC) to issue up to 84,657,181 shares of common stock, valued at up to $12 billion. The filing, detailed in the latest S-3 document, was submitted by Trump Media and Technology Group (TMTG), listed under the stock symbol DJT, on Thursday.
The company aims to enhance its financing capabilities through this new stock issuance. This move follows a recent $2.44 billion financing deal completed last week, which was intended to establish a Bitcoin reserve. Following this announcement, TMTG also filed an application with the SEC to launch a Bitcoin exchange-traded fund (ETF), which will be similar to the 11 spot Bitcoin ETF products currently traded in the United States.
On Thursday, DJT's stock closed at $20.12, experiencing a decline of over 8% due to news of a conflict between U.S. President Donald Trump and Elon Musk.#TruthSocial #StockOffering #TMTG #SEC #Bitcoin #ETF #Trump #DJT #Financing #SocialMedia #BTC
🚀 SEC Approves DJT's S-3 Registration Statement
#SEC #TrumpMedia #DJT #S3Registration #CommonShares #ConvertibleNotes #Equity #Debt #Investors #BitcoinReserves #GrowthStrategy
According to BlockBeats, Trump Media & Technology Group (DJT) announced that the U.S. Securities and Exchange Commission (SEC) has approved its previously submitted S-3 registration statement, which is now effective. Following this approval, DJT submitted the corresponding final prospectus to the SEC.
The announcement detailed that the registration statement allows for the resale of approximately 56 million common shares and 29 million shares corresponding to convertible notes. These shares are part of an equity and debt agreement with around fifty investors, which has generated approximately $2.3 billion in total proceeds for the company. This figure represents one of the largest transactions involving a public company's Bitcoin reserves.
The registration statement includes a universal shelf provision, designed to provide the company with greater flexibility to pursue various initiatives related to its growth strategy. Currently, the company has no plans to issue any securities under the shelf registration statement.#SEC #TrumpMedia #DJT #S3Registration #CommonShares #ConvertibleNotes #Equity #Debt #Investors #BitcoinReserves #GrowthStrategy
🚀 Bitcoin News Today: Trump Media Announces $400M Share Buyback, Says Bitcoin Treasury Remains Untouched
#Bitcoin #TrumpMedia #ShareBuyback #Crypto #Treasury #DJT #Investors #Web3 #Ethereum #StockMarket #BTC #ETH
Key Takeaways:Trump Media (DJT) to launch a $400 million share repurchase program via open market buys.The buyback will be funded independently and will not affect the company’s $2B Bitcoin treasury strategy.Trump Media raised $2 billion from 50+ institutional investors to build a BTC treasury, with Crypto.com and Anchorage Digital as custodians.DJT stock jumped 3.8% to $18.50 following the announcement.Trump Media & Technology Group (NASDAQ: DJT) — the parent company of Truth Social — has announced a $400 million share buyback program, funded separately from its newly established Bitcoin treasury.The company emphasized that the share repurchase will not impact its ongoing Bitcoin investment strategy, which was funded by a recent $2 billion raise from over 50 institutional investors.“Since Trump Media now has approximately $3 billion on its balance sheet, we have the flexibility to take actions like this which support strong shareholder returns, as we continue exploring further strategic opportunities,” said CEO Devin Nunes.Buyback Details and Bitcoin StrategyThe buyback will be executed via open market purchases, with repurchased shares set to be retired, the company said in a statement Monday.The decision comes after Trump Media’s high-profile move into crypto treasury management, using newly raised capital to accumulate Bitcoin. Custody partners for the BTC holdings include Crypto.com and Anchorage Digital, signaling institutional-grade infrastructure for the treasury program.Market Reaction: DJT Shares RiseFollowing the buyback news, DJT shares climbed 3.8% to $18.50 in early trading on Monday, as investors responded positively to the company’s capital allocation plan.The update comes amid growing attention on Truth Social and its parent company’s broader Web3 and crypto strategy, including a pending Truth Social Bitcoin and Ethereum ETF filing.#Bitcoin #TrumpMedia #ShareBuyback #Crypto #Treasury #DJT #Investors #Web3 #Ethereum #StockMarket #BTC #ETH