Summary
- Trump Media & Technology Group is reportedly seeking to raise up to $12 billion in funding.
- Bitcoin Archive reported that the funds are intended for purchasing Bitcoin.
- Trump Media announced it had submitted a private placement registration statement to the U.S. Securities and Exchange Commission (SEC).
Trump Media & Technology Group (Trump Media & Technology Group, TMTG) is reportedly pursuing funding of up to $12 billion (approximately ₩16,548,000,000,000).
On the 6th (local time), the cryptocurrency-focused media outlet Bitcoin Archive reported that "Trump Media, after raising $2.3 billion last week to purchase Bitcoin, now plans to secure funds of up to $12 billion."
Earlier that day, Trump Media submitted a private placement registration statement (S-3) to the U.S. Securities and Exchange Commission (SEC). This is known to be related to building up a Bitcoin reserve.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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