Trump Media Group registers up to $12 billion in new securities in new S-3 filing, potentially for Bitcoin purchases

Crypto KOL @btcNLNico disclosed key points from the S-3 filing submitted by Trump Media & Technology Group (DJT) on the X platform yesterday:

1. Official adoption of a Bitcoin treasury strategy.

2. Registered new securities up to $12 billion, which can be used to purchase Bitcoin.

3. This is an additional amount on top of approximately $2.44 billion previously raised through private placements.

4. The document mentions Bitcoin 362 times, whereas the previous S-3 filing mentioned it only once. If they complete the entire securities issuance, they could theoretically purchase about 140,000 Bitcoins at the current price.

Note: The S-3 filing must be approved by the U.S. Securities and Exchange Commission (SEC) with Form EFFECT to become effective.