#TrumpBTCTreasure #trumpcoin $BTC
Trump Media and Technology Group Corp has secured approval from the US Securities and Exchange Commission (SEC) to establish a Bitcoin treasury worth $2.3 billion. This development is a significant step towards building one of the largest Bitcoin treasuries among public companies.
*Key Updates:*
- *SEC Approval*: The SEC has declared Trump Media's venture effective, allowing the company to start buying Bitcoin for its treasury.
- *Fundraising*: Trump Media raised $2.3 billion from 50 investors through the resale of 56 million shares of equity and 29 million shares of convertible notes.
- *Bitcoin Purchase*: The company plans to use the funds to adopt a $BTC treasury, with no immediate plan to raise more funds for this purpose.
- *Partnerships*: Trump Media has partnered with (link unavailable) and Anchorage Digital for Bitcoin custody, highlighting the growing trend of corporate crypto adoption.
*Impact on Bitcoin Price:*
When Trump Media initially announced its plan to raise $2.5 billion for its Bitcoin treasury on May 27, 2025, Bitcoin's price surged past $110,000, breaking a period of bearish trend. The price jumped to around $110,065, just 1.7% off its all-time high of $111,970 reached on May 22, 2025 ¹ ².
*Next Steps:*
With the SEC approval in place, Trump Media is poised to aggressively improve its offerings and capabilities, including its Bitcoin treasury. The rising demand for Bitcoin by institutional investors is expected to drive a potential parabolic rally ³ ⁴.
