Bitcoin Treasury Deal Gets Regulatory Green Light
In a major development, Trump Media and Technology Group (TMTG) has secured approval from the U.S. Securities and Exchange Commission (SEC) for its $2.3 billion Bitcoin treasury registration. The SEC declared TMTG’s S-3 registration statement effective on June 13, allowing the company to move forward with its plans to hold a significant amount of Bitcoin as a corporate reserve.
The registration allows the resale of approximately 56 million shares and 29 million shares tied to convertible notes, part of equity and debt agreements with about 50 investors.
Bitcoin as a Strategic Treasury Asset
The move follows a capital raise of $2.5 billion, first confirmed by the company in late May, after initially denying early media reports. TMTG’s leadership emphasized Bitcoin’s role as a symbol of financial freedom, reinforcing their long-term commitment to cryptocurrency.
“We view Bitcoin as an apex instrument of financial freedom,” said TMTG’s CEO Devin Nunes. “It will become a crucial part of our company’s assets.”
This places TMTG among a small but growing list of firms making Bitcoin a strategic treasury asset, joining the ranks of tech-driven financial innovators.
Strategic Growth and Expansion Plans
Nunes also stated that TMTG is aggressively expanding across social media, TV streaming, and fintech, with Bitcoin playing a key role in its financial strategy.
“By combining digital finance with our core business units, we aim to transform Trump Media into a cornerstone of the Patriot Economy,” Nunes added.
Though the approved registration includes a universal shelf to allow for future securities offerings, the company clarified that there are no immediate plans to issue new securities under this shelf.
ETF Filing and Market Impact
On June 5, TMTG also filed with the SEC to launch a Bitcoin spot ETF, stating the ETF’s assets would consist primarily of Bitcoin held in custody. This move aligns with the company’s ongoing crypto-forward strategy.
Despite these announcements, TMTG’s stock fell 2.06%, closing at $19.52 on the same day the registration was approved.
Summary
Trump Media has secured regulatory approval for a $2.3 billion Bitcoin treasury plan, filed to launch a Bitcoin ETF, and signaled further fintech expansion—placing cryptocurrency at the center of its corporate strategy.