#TrumpBTCTreasury

Trump Media and Technology Group Corp, the parent company of Truth Social, has received approval from the US Securities and Exchange Commission (SEC) for its $2.3 billion Bitcoin treasury deal. Here's what's happening ¹ ² ³:

- *Deal Details*: The company raised $2.3 billion from 50 institutional investors through debt and equity agreements, which will be used to create one of the largest Bitcoin treasuries among public companies.

- *Purpose*: CEO Devin Nunes stated that Bitcoin is seen as an "apex instrument of financial freedom" and will be a crucial part of the company's assets, helping to defend against financial institution harassment and create synergies for subscription payments and other transactions.

- *Expansion Plans*: Trump Media aims to expand its offerings and capabilities, transforming into an indispensable company for the "Patriot Economy". The company has also filed for approval to launch a Bitcoin exchange-traded fund (ETF).

- *Stock Performance*: Despite the regulatory win, Trump Media's shares dipped 2.06% on the day of the announcement, closing at $19.52.

- *Custody*: (link unavailable) and Anchorage Digital will provide custody services for the Bitcoin treasury.

This move is seen as a strategic step in Trump Media's plans to grow its media, fintech, and Bitcoin holdings, potentially setting a precedent for other companies to adopt Bitcoin treasuries ⁴.