#TrumpBTCTreasury

The United States Securities and Exchange Commission (SEC) has given the green light to the registration statement filed by Trump Media and Technology Group for its $2.3 billion operation on the U.S. Treasury in Bitcoin (BTC) on June 13, according to a document filed with the SEC. Trump Media, the company behind Truth Social, is a publicly traded company largely controlled by the family of American President Donald Trump.

According to the document, Trump Media raised $2.3 billion from about fifty investors through the resale of approximately 56 million shares and 29 million underlying shares of convertible bonds. Trump Media presented the operation, completed on May 30, as "one of the largest Bitcoin cash operations for a publicly traded company."