The SEC approved the Trump Media deal worth $2.3 billion for acquiring bitcoins and holding them as a treasury asset, with effective registration on Friday.
Trump Media (DJT) raised $2.44 billion in a private placement to create a bitcoin treasury - one of the largest BTC treasury deals among public companies in the U.S.
With net proceeds of about $2.32 billion, DJT is set to become one of the largest corporate holders of bitcoins.
