Trump Media Group Files S-3 Registration for Major Bitcoin Reserve Transaction

According to BlockBeats, Trump Media Group, listed on Nasdaq and NYSE Texas as DJT, has submitted an S-3 registration statement to the U.S. Securities and Exchange Commission. This filing pertains to debt and equity subscription agreements previously signed with approximately 50 investors, totaling around $2.3 billion. This transaction is considered one of the largest Bitcoin reserve deals by a public company. The registration statement includes provisions for investors to resell approximately 56 million shares of stock and 29 million shares related to convertible debt. Additionally, it features a universal shelf registration, offering the company flexibility for future mergers and capital raising activities. CEO Devin Nunes stated that these measures will provide Trump Media with the necessary capital, assets, and independence to achieve rapid expansion and attract more users to the 'patriotic economy.'