#TrumpBTCTreasury
Trump Media & Technology Group (traded as DJT) announced on June 13 the approval of the **U.S. Securities and Exchange Commission (SEC)** for the registration of a Bitcoin treasury deal as part of its expansion strategy. The company aims to raise significant funding through one of the largest Bitcoin treasury initiatives for a public company, with 56 million shares and 29 million convertible shares registered for sale by investors.
Additionally, the company submitted a final prospectus outlining the terms for the resale of the securities related to the deal, focusing on enhancing its platforms in social media, broadcasting, and decentralized finance (DeFi).
Devin Nunes, the CEO, stated that the goal is to transform the company into a cornerstone of what is called the patriot economy, using Bitcoin as a hedge against economic volatility.
