$BTC Trump's Bitcoin treasury plans are moving forward. Trump Media & Technology Group, the company behind Truth Social, has received SEC approval for its $2.3 billion Bitcoin treasury deal. Here's what's happening¹ ²:

- *Key Details*:

- Trump Media filed an S-3 registration statement with the SEC, which was declared effective on June 13, 2025.

- The company plans to use the proceeds for its Bitcoin treasury, viewing Bitcoin as a crucial part of its assets and a means to defend against financial harassment.

- The treasury deal involves issuing $1.5 billion in common stock and $1.0 billion in convertible senior secured notes.

- *Strategic Bitcoin Reserve*:

- President Donald Trump signed an executive order on March 6, 2025, establishing a Strategic Bitcoin Reserve to maintain government-owned Bitcoin as a national reserve asset.

- The reserve will be capitalized with Bitcoin already owned by the federal government, with no plans to sell these assets.

- *Potential Impact*:

- The move is seen as a symbolic recognition of Bitcoin as a reserve asset by the US government.

- Some experts criticize the idea, citing speculative investment risks and potential government manipulation of the crypto market.

- *Global Response*:

- Other countries, like Belarus and Pakistan, are exploring similar initiatives, while the European Union and South Korea have expressed skepticism or rejected the idea.

Trump's Bitcoin treasury plans aim to position the US as a leader in the crypto market, but the initiative has sparked mixed reactions from economists and governments worldwide.³