$BTC

Trump Media and Technology Group, the firm majority-owned by U.S. President Donald Trump that runs his Truth Social platform, said on Friday that the SEC declared effective the registration for its previously-announced Bitcoin treasury plan. 

The firm's approximately 2.3 billion USD in capital raised from around 50 institutional investors has thus been unlocked and can be used to purchase BTC at any time. The firm declined to detail how much BTC it plans to acquire in its prospectus, which states that Trump Media "...will acquire its bitcoin and bitcoin-related holdings in the amounts and on the timeline it deems optimal."