Trump Media and Technology Group, the company behind Truth Social, is making headlines with its bold move into cryptocurrency. Here's what we know about their trading operations ¹ ² ³:

- $2.5 Billion Bitcoin Treasury: Trump Media aims to establish a substantial Bitcoin treasury, signaling strong corporate adoption of BTC. This move is expected to diversify the company's revenue streams and potentially drive long-term growth.

- *SEC Approval:* The US Securities and Exchange Commission (SEC) has declared effective Trump Media's registration statement for its Bitcoin treasury deal, paving the way for the company to proceed with its plans.

- *Funding:* Trump Media raised approximately $2.3 billion through debt and equity agreements with around 50 institutional investors. The funds will be used to purchase Bitcoin and build one of the largest Bitcoin treasuries among public companies.

- *Custody:* The company has partnered with Crypto.com and Anchorage Digital to provide custody services for its Bitcoin holdings, ensuring secure and reliable management of its cryptocurrency assets.

- *Impact on Bitcoin Price:* The announcement led to a surge in Bitcoin's price, breaching the $110,000 resistance level and demonstrating the potential for significant market impact.

*Key Details:*

- *Ticker Symbol:* DJT (Nasdaq and NYSE Texas-listed)

- *Company Name:* Trump Media and Technology Group (TMTG)

- *CEO:* Devin Nunes

- *Bitcoin Treasury Size:* $2.3 billion (approximately)

- *Number of Investors:* Around 50 institutional investors

This development showcases Trump Media's commitment to exploring new financial strategies and its confidence in Bitcoin's potential for long-term growth ⁴ ⁵.