š **āšØ JuneāÆ13: SEC Greenlights $2.3B Trump Media Bitcoin Treasury Sā3 Registrationā**
On JuneāÆ13, the U.S. Securities and Exchange Commission officially declared Trump Media & Technology Groupās Sā3 registration statement effective, greenlighting a massive $2.3 billion financing round via 56 million equity shares and 29 million convertible notesābacked by around 50 institutional investors . These funds are earmarked for Bitcoin purchases to build a corporate treasury that will sit alongside approximately $759āÆmillion in cash and equivalents on the balance sheet . Crypto&CIO watchers see this as emblematic of Trump Mediaās āPatriot Economyā pushālaunching cross-platform fintech ambitions including Bitcoin ETFs, utility tokens, and crypto-custody via Crypto.com and Anchorage .
Trader insight: institutional appetite continues to grow, bolstering BTCās reputation as a treasury-grade asset and attracting both speculators and HODLers. Watch for increased correlation in $DJT and $BTCāespecially around new ETF filings. #TrumpBTCTreasury