The new SEPA Cayman Islands fund setup was used during the third quarter. Trump Media sold 17M new shares of DJT stock to raise $340M in cash even as the price was falling. (The sale prices ranged from $36.13 down to $14.31, with an average of $19.31)

ARC Global Investments drastically reduced its stake in Trump Media & Technology Group to just 0.01%, down from over 5%, amid legal disputes and SEC allegations against its former CEO, Patrick Orlando.

The financial firm ARC Global Investments II and manager Patrick Orlando no longer own more than 5% of Trump Media stock, an SEC filing showed. ARC, which once held more than 11 million shares, and Orlando now hold just 0.

Trump Media & Technology chief financial officer and two other insiders have sold millions of dollars worth of shares following the election, according to SEC filings.

Trump Media & Technology Group's key shareholder, ARC Global Investments, has unloaded nearly all its stake in the media company, it said in a regulatory filing on Thursday. ARC and its manager Patrick Orlando now hold about 0.

The financial firm reduced its stake in the Truth Social parent’s stock from more than 5% to just 0.01%, regulatory filings show.