#TrumpBTCTreasury Trump's Bitcoin treasury initiative involves two main components ¹ ²:
- *Trump Media & Technology Group's Bitcoin Treasury*: Trump Media & Technology Group, the company behind Truth Social, has raised $2.3 billion to establish a significant Bitcoin treasury. This move positions the company as one of the largest Bitcoin holders among publicly traded Wall Street companies. The US Securities and Exchange Commission (SEC) has declared the company's registration statement effective, paving the way for the Bitcoin treasury deal.
- *US Strategic Bitcoin Reserve*: President Donald Trump has announced the establishment of a US Strategic Bitcoin Reserve, aiming to recognize Bitcoin as a national reserve asset. The reserve will be capitalized by Bitcoin seized by the Treasury Department from criminal and civil cases. This initiative marks a significant shift in the government's approach to digital assets.
*Key Developments:*
- Trump Media's Bitcoin treasury plan involves acquiring a substantial amount of Bitcoin, potentially making it one of the biggest holders of BTC on Wall Street.
- The company plans to use the $2.3 billion raised for various purposes, including expansion, operations, and funding its Bitcoin treasury.
- The US Bitcoin Reserve initiative aims to provide clear regulatory guidelines and strategic Bitcoin reserve implementation across multiple sectors ¹ ³ ².
*Impact on the Market:*
- Trump Media's stock price declined 2.06% after the SEC approval, closing at $19.52.
- The $TRUMP coin surged 10,000% after Trump's announcement of establishing a Bitcoin reserve.