Trump Media and Technology Group (TMTG) files SEC Form S-3 to raise $12 billion in securities for potential Bitcoin purchases.
The filing highlights a strategic shift towards Bitcoin investments, with a focus on acquiring approximately 140,000 BTC at current market prices.
Truth Social, a TMTG subsidiary, seeks to establish the 'Truth Social Bitcoin and Ethereum ETF' to capitalize on the popularity of ETFs in the market.
The move signifies a deliberate strategy by Trump Media to integrate cryptocurrency into its financial frameworks and prioritize digital assets as a long-term store of value.