#TrumpBTCTreasury

The U.S. Securities and Exchange Commission (SEC) has approved the registration statement of Trump Media and Technology Group (TMTG) related to a $2.3 billion bitcoin treasury initiative.

According to the documents, the SEC has deemed the TMTG S-3 registration statement effective, initially filed on June 6.

The document outlines the registration of approximately 56 million shares and an additional 29 million shares related to convertible bonds, which are part of broader equity and debt agreements with around 50 investors.

Although the registration includes a universal shelf that is intended to provide TMTG with greater flexibility in raising capital, the company stated that it has "no immediate plans" to issue new securities under this provision.

This move appears more strategic than urgent and aligns with TMTG's stated ambitions to move beyond its media roots.

TMTG's President and CEO Devin Nunes said the company is currently operating on multiple fronts.

"We are actively implementing our plans to expand the company, our offerings, and our capabilities," Nunes said.