Trump Media launches a leading arsenal of Bitcoin treasury tools, after receiving approval from the U.S. Securities and Exchange Commission (SEC), further strengthening its strong multi-billion dollar expansion in the fintech, media, and decentralized finance sectors.
The Bitcoin treasury deal from Trump Media becomes a reality with the announcement by the U.S. Securities and Exchange Commission (SEC) of the effective filing.
Trump Media and Technology Group (NASDAQ, New York, Texas: DJT) announced on June 13 that the U.S. Securities and Exchange Commission (SEC) has declared its registration statement related to the Bitcoin treasury deal effective. This development supports the company's broader expansion strategy, which includes raising significant capital through what it describes as one of the largest Bitcoin treasury initiatives undertaken by a public company. Meanwhile, the company submitted a final prospectus that specifies the terms for reselling the securities associated with the deal.
According to the commitments of the company arising from previously announced debt and equity agreements with approximately fifty investors, which achieved total revenues of about 2.3 billion US dollars, and is one of the largest Bitcoin treasury deals for a public company, Trump Media stated:
The registration statement records nearly 56 million shares of stock and 29 million shares of convertible bonds to be resold by investors.
These instruments represent the fundamental financial framework through which Trump Media seeks to support its broader ambitions in digital media and fintech. Additionally, the registration includes a public shelf, providing the company with improved options for raising capital in the future, although there are no immediate plans to issue more securities under this provision.
Devin Nunes, CEO and Chairman of Trump Media, clarified the company's future goals, stating: "We are firmly executing our plans to expand the company and our offerings and capabilities. By enhancing and growing our social media platform, broadcast platform, and brand in fintech, alongside creating a Bitcoin wallet, we aim to continue rapidly transforming Trump Media into an indispensable company for our growing customer base in the Patriot economy." Supporters of integrated portfolio strategies with Bitcoin assert that these steps could serve as a hedge against macroeconomic volatility, aligning companies with the future of decentralized finance.
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