#TrumpBTCTreasury

Trump Media and Technology Group (TMTG), the company that owns the Truth Social platform of the President of the United States, Donald Trump, and is partially controlled by him, received approval from the U.S. Securities and Exchange Commission (SEC) for its registration related to the Bitcoin treasury agreement worth US$ 2.3 billion.

According to an SEC document dated June 13, the agency "declared effective" TMTG's S-3 registration form — filed on June 6 — regarding the Bitcoin treasury agreement

BTC

R$ 583,603

. The S-3 is a form used by U.S. companies to register the sale of various securities, such as stocks, options, and different types of debt. TMTG also submitted the final prospectus corresponding to the SEC on the same day.

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The SEC document states that, as part of its Bitcoin treasury plan, TMTG registered the resale of approximately 56 million shares and another 29 million related to convertible notes, as part of debt and equity participation agreements with about 50 investors, totaling US$ 2.3 billion.