#TrumpBTCTreasury

Trump Media & Technology Group, led by Donald Trump, has secured SEC approval for a $2.3 billion Bitcoin treasury plan. This move is part of the company's strategy to expand into digital assets and fintech, positioning itself as a key player in the "Patriot Economy".

*Key Developments:*

- *SEC Approval*: The SEC declared Trump Media's S-3 registration statement effective, allowing the resale of approximately 85 million shares tied to equity and convertible notes.

- *Bitcoin Treasury*: The company plans to use the funds for creating a Bitcoin treasury, with (link unavailable) and Anchorage Digital handling custody.

- *Expansion Plans*: Trump Media aims to integrate Bitcoin into its operations, including potential BTC-based subscription services and utility tokens for its platforms.

- *Investment*: The company has confirmed a $2.5 billion capital raise to acquire Bitcoin, one of the largest Bitcoin treasury deals for a public company.

*Potential Implications:*

- Trump Media's stock price fell 2.06% to $19.52 following the SEC approval announcement.

- The company's CEO, Devin Nunes, emphasizes the importance of Bitcoin as an instrument of financial freedom and a crucial part of their assets.

- Trump Media's broader crypto ambitions include plans for a Truth Social Bitcoin ETF and potential BTC-based services ¹ ² ³.