The approval was granted on June 13 following the company’s Form S-3 registration statement, which was filed earlier on June […]
The post Trump Media Secures SEC Approval for $2.3B Bitcoin Treasury Deal appeared first on Coindoo.
The approval was granted on June 13 following the company’s Form S-3 registration statement, which was filed earlier on June 6.
Trump Media—the parent company of Truth Social and significantly controlled by the family of U.S. President Donald Trump—filed a final prospectus with the SEC after receiving the green light. The company confirmed that it raised the $2.3 billion through the resale of approximately 56 million shares and an additional 29 million shares underlying convertible notes, sourced from around 50 investors.
The company has called the deal “one of the largest Bitcoin treasury deals for a public company,” signaling its intention to place BTC at the core of its financial strategy. The transaction closed on May 30.
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A Strategic Shift Toward Bitcoin
This move positions Trump Media among the most prominent U.S. public companies to directly embrace Bitcoin at scale. With regulatory approval now in hand, the company is poised to deploy its treasury into BTC—a bold step that mirrors the growing trend of institutional and corporate alignment with digital assets.
As markets await the next move, this SEC-approved initiative could serve as a precedent for future Bitcoin treasury integrations across publicly listed firms.
The post Trump Media Secures SEC Approval for $2.3B Bitcoin Treasury Deal appeared first on Coindoo.
Source: https://coindoo.com/trump-media-secures-sec-approval-for-2-3b-bitcoin-treasury-deal/
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