SEC approves Trump Media's process, paving the way for the purchase of billions of dollars in Bitcoin

The SEC declared effective the registration of Trump Media for its Bitcoin treasury agreement, paving the way for the company to acquire $BTC with the recently raised $2.3 billion in capital.

The company did not disclose how much Bitcoin it plans to acquire, noting that purchases are discretionary and the raised capital may be used for general corporate purposes.

The registration includes a universal platform of $12 billion, allowing Trump Media to issue more shares, debt, or warrants at any time.