#TrumpBTCTreasury
Trump Media & Technology Group has secured *SEC approval* for its *$2.3 billion Bitcoin treasury deal*, marking a major step in its financial strategy. The company, known for its Truth Social platform, raised funds through the resale of *56 million equity shares* and *29 million convertible notes*, involving around *50 investors*.
CEO *Devin Nunes* emphasized that Trump Media is aggressively expanding its fintech brand, social media platform, and streaming service while integrating Bitcoin into its treasury. The move aligns with a growing trend of publicly traded companies adopting Bitcoin as a reserve asset.
Despite the regulatory win, Trump Media’s stock dipped *2.06%*, closing at *$19.52* on June 13. The company also filed for a *Bitcoin ETF*, aiming to provide investors regulated access to Bitcoin’s price performance.
This approval signals *institutional acceptance* of Bitcoin and strengthens Trump Media’s position in the *Patriot Economy*
