Trump Media wants to pick up $ 12 billion, possibly for more BTC purchases

Trump Media & Technology Group (TMTG) is planning to raise no less than 12 billion dollars through a securities offer. Although the company has not yet given an exact explanation of the purpose of this capital injection, recent developments lead to speculation that part of the amount will be used for the purchase of Bitcoin (BTC).

According to official documents, TMTG wants to collect capital by offering different types of effects, including ordinary and preferential shares, debt paper, warrants and rights. The precise conditions of this offer will step by step in additional documents.

It is already known that TMTG wants to sell 84.6 million ordinary shares at a symbolic value of $ 0.0001 each. A large part of the shares – around 55.8 million pieces – is sold for $ 25.72 per share to institutional investors through a private placement, accounting for around $ 1.44 billion. In addition, the company makes 28.8 million shares available that can be converted from convertible bonds with a duration up to 2028. This conversion could yield another $ 1 billion.

The company emphasizes that it has the freedom to sell shares at different prices and through various channels, such as intermediaries or direct placements. TMTG indicated that only revenues from the issue of own effects go to the company itself; Selling by other holders does not provide TMTG direct income.

Bought BTC last week

Last week it came out that TMTG was picking up $ 3 billion to purchase Bitcoin. Only a day later was known That it had already brought in $ 2.5 billion, of which $ 1.5 billion through stock sales and $ 1 billion through convertible bonds. These bonds were sold with a premium of 35%.

The purchased bitcoins are stored on the balance sheet of TMTG. The storage of this digital assets is provided by platforms such as Crypto.com and Anchorage Digital.

The recent investment in BTC, in combination with the growing interest in Bitcoin among companies, fuels the expectation that the new capital is also partly direction crypto Will flow. Whether that prediction will come true will have to be seen in the coming period.