#TrumpBTCTreasury Trump Media & Technology Group (TMTG) is making a significant move into Bitcoin with plans to establish a massive Bitcoin treasury. Here's what's happening ¹ ² ³:

- $2.4-2.5 Billion Raise: TMTG has raised between $2.4-2.5 billion in a private placement to fund its Bitcoin treasury, making it one of the largest corporate Bitcoin treasuries in the US.

- *Custody Partners*: The company has partnered with (link unavailable) and Anchorage Digital to custody its Bitcoin holdings, signaling a new crypto-aligned strategy.

- *SEC Approval*: The US Securities and Exchange Commission (SEC) has approved Trump Media's plan to buy Bitcoin worth $2.3 billion for its treasury.

- *Bitcoin Holdings*: This move will add Bitcoin to Trump Media's balance sheet, which already has over $759 million in liquid assets.

- *Strategic Move*: This investment is seen as a strategic shift in the company's financial strategy, with Bitcoin becoming a core treasury asset.

Donald $Trump has also been supportive of Bitcoin and cryptocurrency, with plans to ⁴ ⁵:

- *Establish a Strategic Bitcoin Reserve*: Trump signed an executive order to create a strategic Bitcoin reserve, funded by Treasury's forfeited Bitcoin.

- *US Digital Asset Stockpile*: A digital asset stockpile for non-Bitcoin assets was also created.

- *Crypto Capital*: $Trump aims to make the US the "crypto capital of the world".