Trump Media and Technology Group (TMTG), the company behind US President Donald Trump's Truth Social platform and partially owned by him, has received approval from the US Securities and Exchange Commission (SEC) for its registration statement related to a $2.3 billion Bitcoin treasury deal. The SEC declared TMTG's S-3 registration statement effective, allowing the company to register the sale of securities. As part of the Bitcoin treasury plan, TMTG registered the resale of approximately 56 million shares and 29 million tied to convertible notes. Despite having a universal shelf for future growth plans, the company currently has no immediate plans to issue any securities. TMTG's CEO, Devin Nunes, expressed plans for expansion. The company's stock price fell 2.06% on the same day. TMTG also filed with the SEC to launch a Bitcoin exchange-traded fund (ETF) on June 5. Read more AI-generated news on: https://app.chaingpt.org/news

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