Nikolas Sargeant
The Securities and Exchange Commission has declared Trump Media & Technology Group's registration statement effective, clearing the path for the company to execute its ambitious Bitcoin treasury strategy. According to the SEC filing, Trump Media registered the resale of 56 million shares and 20 million more tied to convertible notes as part of debt and equity agreements with around 50 investors, yielding $2.3 billion.
Trump Media and Technology Group has raised about $2.5 billion to potentially invest in Bitcoin, U.S. President Donald Trump's social media company said in a press release, as it looks to diversify its revenue. The company, which operates the Truth Social platform, has been aggressively positioning itself within the cryptocurrency ecosystem as part of its broader growth strategy.
The approved filing represents a significant milestone for Trump Media's Bitcoin acquisition plans, though the firm has not said how much of the $2.3 billion in capital it raised from around 50 institutional investors will go towards BTC purchases. Specific details about custody arrangements and implementation timeline have not been disclosed. The firm has only said it “will acquire its bitcoin and bitcoin-related holdings in the amounts and on the timeline it deems optimal.”
This SEC approval comes as Trump Media continues to expand its cryptocurrency initiatives, including recent filings for a Bitcoin ETF. The move aligns with the broader trend of corporate Bitcoin adoption, positioning the company at the intersection of social media, politics, and digital assets as Bitcoin approaches record highs.
