Trump Media & Technology Group (TMTG) has submitted a Form S-3 to the US Securities and Exchange Commission (SEC) on Thursday, outlining plans for a substantial $2.3 billion Bitcoin treasury transaction.
This filing is associated with recent financial agreements involving 50 investors, detailing a registration statement for 56 million shares of equity and 29 million shares linked to convertible notes.
Strategic Acquisition: TMTG Aims for “Crown Jewel Assets”
The funds raised will be allocated for Bitcoin purchases as well as general corporate expenses, as indicated in an official release. However, TMTG has not specified the quantity of Bitcoin it intends to acquire.
The registration also includes a universal shelf provision, offering the company enhanced flexibility for future endeavors such as mergers and additional capital raising opportunities.
CEO Devin Nunes remarked that the firm is assessing all necessary components for its growth strategy, which includes targeting “crown jewel assets.”
“These activities will equip the Company with the capital, assets, independence, flexibility, and security required to achieve our objectives of swift expansion, providing us numerous avenues to access capital markets when it is most favorable,” Nunes stated.
Exploring ETF Options: TMTG’s Plans in the Crypto Space
TMTG, known for Trump’s Truth Social platform, has entered an agreement with Crypto.com and Yorkville America Digital to establish a series of exchange-traded funds (ETFs) under the Truth.Fi brand.
Trump Media has signed a deal with @cryptocom and Yorkville to launch a series of ETFs combining digital assets and U.S.-focused investments.#trump #etfhttps://t.co/pyvQqgC5Gz
— Finance Newso.com (@Finance Newso) April 22, 2025
The planned funds aim to blend exposure to digital assets with investments targeted at U.S. sectors, particularly in energy, as announced by the company in April.
If granted approval, the Truth Social Bitcoin ETF would rely on Crypto.com as its primary custodian and liquidity facilitator. This would place it among a growing selection of crypto-related products awaiting regulatory greenlight.
Additionally, the ETF will incorporate exclusive provisions, with Crypto.com poised to deliver specific services to the trust supporting this financial product.
The launch of this new fund arrives at a time when Bitcoin prices have surged past $100,000, generating significant enthusiasm. However, with a multitude of spot Bitcoin funds already in the mix, the Truth Social ETF will enter a competitive arena aiming to attract institutional investors.
“I think it’s extraordinarily unlikely that products like [Truth Social Bitcoin ETF] gain long-term assets,” commented Dave Nadig, an independent ETF expert, to the Financial Times.
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