US Securities and Stock Exchange Commission (SEC) approved the record of Trump Media and Technology Group (TMTG) on the crypto currency treasure plan. This decision is that the company has a majority stake of President Donald Trump and operates the Truth Social platform’s corporate investor funds of approximately $ 2.3 billion. Bitcoin (BTC) $105,062.89 He paved the way for us to use it to buy. The company did not clarify when and what amount of Bitcoin will take, but only when it deems the most appropriate time and the amount ”he said. In addition, a “universal shelf” record was enabled in the future that provides additional resources to up to 12 billion dollars through stocks, borrowing tools or financial rights export.
Details of Bitcoin Plan
TMTG stressed that the Bitcoin purchasing strategy is flexible in its prospectus. The company may not be limited to Bitcoin purchase, but also about Bitcoin securitiesE also announced that he can invest. Depending on the market conditions, he said he could sell the Bitcoins he bought and convert income obtained into cash, cash -like assets or other investments that bring interest.
Moreover, the company’s financial maneuvering area has increased significantly. SelectionThe “universal shelf” record that is activated by the TMTG is the capacity to provide financing up to 12 billion dollars quickly when it needs TMTG in the future giving. However, the company said in a press release that there is no plan to export any securities under shelf record for the time being ”. This explanation is mostly seen as a preparation for future possible needs.
Post -public offering market dynamics and the structure of the company
Another important consequence of SEC approval is that approximately 84.7 million shares of TMTG have been recorded for re -sale. This block corresponds to the roughly half of the company’s public shares and about 30 percent of the total issued shares. This means that this big stock can be offered for sale in the market, which Nasdaq The company, which is traded by DJT abbreviation on the stock market, may have a potential impact on the share price of the company.
TMTG activities only Truth Social It does not limit it to the social media platform. The company is also at the same time Truth+ operates a flow service. In January, a financial technology brand with crypto currency targets Truth.fireleased. The company describes Truth.fi as “a financial services and fintech brand that includes American priority investment instruments”.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
