$BTC Trump Media & Technology Group, led by Donald Trump, has made a significant move into the cryptocurrency space by establishing a Bitcoin treasury worth $2.3-$2.5 billion. Here's what's happening ¹ ² ³:

- *SEC Approval*: The US Securities and Exchange Commission (SEC) has declared effective Trump Media's registration statement, paving the way for the company to hold billions of dollars worth of Bitcoin on its books.

- *Investment Details*: The deal involves $1.5 billion in common stock and $1 billion in senior secured convertible notes, subscribed by around 50 institutional investors.

- *Treasury Strategy*: Trump Media plans to use this investment to boost its liquid assets to over $3 billion, positioning itself as a major player in the crypto space, similar to MicroStrategy, which holds around 214,400 BTC.