SEC approves Trump Media's filing, paving the way for the purchase of billions of dollars worth of Bitcoin
The SEC has announced that the registration for the Bitcoin bond issuance by Trump Media is in effect, allowing the company to buy BTC using the $2.3 billion in capital that the newly raised company has recently secured.
The submitted filing includes a general limit of $12 billion, allowing Trump Media to issue additional stocks, bonds, or warrants at any time.
The company's capital of approximately $2.3 billion was raised from about 50 institutional investors, thus it has been unlocked and can be used to buy BTC at any time.