#TrumpBTCTreasury The U.S. Securities and Exchange Commission (SEC) has declared effective the registration of the Bitcoin treasury of Trump Media. This means that Trump Media & Technology Group (TMTG) plans to hold cryptocurrencies, such as Bitcoin, as a crucial part of its assets. Devin Nunes, CEO of TMTG, has stated that they see Bitcoin as a fundamental tool for financial freedom.
In addition, Trump Media announced a stock offering to raise 3 billion dollars, intended for the purchase of cryptocurrencies. The funds will allow the creation of a "Bitcoin treasury" that aligns with the proposal for a national reserve of this cryptocurrency. A related plan, the "Trump Bitcoin Vault," is also mentioned in the context of a strategic reserve of Bitcoin that would be capitalized with Bitcoin confiscated by the federal government. This initiative seeks to make Bitcoin a strategic reserve at the country level, backed by 50 institutional investors. TMTG also submitted an application to launch a Bitcoin exchange-traded fund (ETF) called "Truth Social Bitcoin ETF." The company Crypto.com would be the exclusive custodian and liquidity provider for this ETF.$BTC