Trump Media & Technology Group (TMTG), the company behind Truth Social and partly owned by Donald Trump, has received SEC approval for its Form S-3 registration statement on June 13, 2025, enabling a $2.3 billion Bitcoin treasury initiative. Through a mix of equity shares (56 million) and convertible notes (29 million), the firm raised funds from about 50 investors to hold BTC directly on its balance sheet alongside $759 million in cash and short-term assets .
CEO Devin Nunes described the move as part of an “aggressive” strategy to build out media, fintech, and streaming platforms while fortifying the so-called Patriot Economy
. The registrant also filed for a spot Bitcoin ETF, further signaling long-term crypto integration