Trump Media Gains SEC Approval for $2.3B Bitcoin Treasury Plan
The SEC approved Trump Media’s S-3 registration covering 85 million shares linked to a $2.3B Bitcoin treasury plan.Trump Media confirmed a $2.5B Bitcoin acquisition and filed to launch a Bitcoin ETF holding physical BTC.Despite regulatory progress, TMTG shares fell 2.06%, with no immediate plans to issue new securities.
The U.S. Securities and Exchange Commission approved Trump Media and Technology Group’s registration statement tied to a $2.3 billion Bitcoin treasury deal. The move marks a key regulatory milestone for the company behind Truth Social, a platform linked to former President Donald Trump. The approval covers 85 million shares connected to equity and debt arrangements with around 50 investors. According to the filing, the S-3 registration was initially submitted on June 6 and declared effective on June 13.
Registration Covers Equity and Convertible Note Agreements
The registration includes 56 million shares and 29 million tied to convertible notes. Trump Media confirmed the deals will raise $2.3 billion in capital. The S-3 statement also includes a universal shelf provision. This option gives the firm flexibility to raise capital quickly in the future. However, the company clarified it has no immediate plans to issue new securities under the shelf.
Despite the approval, Trump Media shares dropped 2.06% on the day, closing at $19.52. The drop followed what the company described as a strategic filing, not a fundraising effort. The firm intends to use the flexibility to support its push into media, fintech, and digital assets.
Company Confirms Bitcoin Treasury and ETF Ambitions
In a separate announcement on May 27, the company confirmed a $2.5 billion capital raise to acquire Bitcoin. This announcement followed earlier reports the firm planned to adopt Bitcoin as a treasury asset.
