#TrumpBTCTreasury — the buzz around Trump’s embrace of Bitcoin:
🇺🇸 1. SEC Registration Approved for Bitcoin Treasury
On June 13, 2025, the SEC declared effective Trump Media & Technology Group’s Form S‑3 registration. This enables the company (owner of Truth Social, closely linked to former President Trump) to raise up to $2.3 billion via ~56 million stock shares and 29 million convertible notes, specifically to build a corporate Bitcoin treasury (cointelegraph.com, reuters.com).
The funds are earmarked to add Bitcoin to the firm’s balance sheet, supplementing around $759 million in cash and short-term assets, with custody managed by Crypto.com and Anchorage Digital (reuters.com).
2. Strategic Bitcoin Reserve Executive Order
Back in March 2025, President Trump signed an Executive Order creating a Strategic Bitcoin Reserve (using government-seized BTC) and a broader Digital Asset Stockpile (whitehouse.gov).
The U.S. reportedly holds about 200,000 BTC (valued around $20 billion), with approximately $493 million in other tokens via that initiative (en.wikipedia.org).
Federal funds are prohibited from purchasing additional BTC, though strategies for “budget-neutral acquisitions” were authorized (whitehouse.gov).
3. Wider Industry Impact & Commentary
Trump Media’s pivot mirrors MicroStrategy and others who’ve adopted Bitcoin treasury strategies via debt and equity—adding around $11.3 billion into crypto treasuries since April across ~60 public firms (wsj.com).
However, market analysts caution that leveraging debt to buy volatile assets like Bitcoin can lead to steep drawdowns in both token prices and corporate stock valuations (wsj.com).
At the Bitcoin 2025 conference, crypto purists expressed concern over deeper political entanglement in Bitcoin, arguing it could undermine its decentralized ethos (wired.com).
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