#TrumpBTCTreasury

Trump Media & Technology Group, the parent company of Truth Social, has received approval from the US Securities and Exchange Commission (SEC) for its $2.3 billion Bitcoin treasury deal. The company plans to allocate the proceeds towards creating a Bitcoin treasury, joining a growing list of publicly traded firms investing in cryptocurrencies.

*Key Details:*

- *Amount*: $2.3 billion raised from 50 institutional investors through debt and equity agreements

- *Shares*: 56 million equity shares and 29 million convertible notes

- *Purpose*: Strengthen the company's balance sheet and expand its financial capabilities

- *Custody*: (link unavailable) and Anchorage Digital will provide custody for Trump Media's Bitcoin assets

CEO Devin Nunes stated that Bitcoin is an "apex instrument of financial freedom" and a crucial part of the company's assets. This strategic move aims to protect Trump Media from financial discrimination and generate synergies between its fintech brand and streaming platform .