#TrumpBTCTreasury Trump Media and Technology Group (TMTG), the company owning the Truth Social platform of American President Donald Trump and partially owned by the president, received approval from the U.S. Securities and Exchange Commission (SEC) for its registration statement related to its treasury agreement in Bitcoin for $2.3 billion.

According to a document filed with the SEC on June 13, the agency declared effective TMTG's S-3 registration statement, submitted on June 6, for the Bitcoin (BTC) trading operation. The S-3 is a form that U.S. companies use to register the sale of various securities, such as stocks, options, and different types of debt. TMTG submitted the corresponding final prospectus to the SEC on the same day.