Trump Media and Technology Group (TMTG) has received approval from the US Securities and Exchange Commission (SEC) for its $2.3 billion Bitcoin treasury registration. The SEC declared effective TMTG's S-3 registration statement, which allows for the resale of approximately 56 million shares and 29 million shares tied to convertible notes. This deal follows TMTG's confirmation of its capital raise for Bitcoin, despite initial denials. TMTG's CEO, Devin Nunes, emphasized the company's aggressive expansion plans, which include enhancing its social media platform and establishing a Bitcoin treasury. Despite the SEC’s approval, TMTG has no immediate plans to issue new securities. Previously, Nunes highlighted Bitcoin as a vital asset for financial freedom, indicating that Trump Media aims to transform into a key player in the “Patriot Economy.” Furthermore, TMTG filed to launch a spot Bitcoin ETF, reflecting its commitment to cryptocurrency investments.

Source 🔗