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Trump Media and Technology Group has officially received approval from the US Securities and Exchange Commission for its massive $2.3 billion Bitcoin treasury deal. The green light came through a June 13 SEC filing that confirmed the effectiveness of TMTG’s S-3 registration statement. This marks a major step in the company’s crypto expansion and positions Bitcoin as a core part of its future strategy.
The company has now registered the resale of nearly 85 million shares through debt and equity agreements with about 50 investors. While the registration allows Trump Media greater flexibility for future financial moves the firm currently has no immediate plans to issue new securities. CEO Devin Nunes stated the company is rapidly expanding its social media TV streaming and fintech services while establishing Bitcoin as a key asset.
This announcement follows TMTG’s $2.5 billion capital raise for Bitcoin purchases and its recent filing to launch a Bitcoin ETF. Nunes called Bitcoin a symbol of financial freedom and a foundation for the Patriot Economy.
