#TrumpBTCTreasury

Trump Media and Technology Group, the company behind Truth Social, has announced plans to establish a Bitcoin treasury worth $2.5 billion. Here's what's happening :

- *The Deal*: Trump Media will raise $2.5 billion from 50 institutional investors, with $1.5 billion in common stock and $1 billion in convertible senior secured notes.

- *Bitcoin Treasury*: The funds will be used to build a significant Bitcoin treasury, positioning Trump Media as a major corporate player in cryptocurrency adoption.

- *Custody*: Crypto.com and Anchorage Digital will provide custody services for Trump Media's Bitcoin holdings.

- *SEC Approval*: The US Securities and Exchange Commission (SEC) has approved Trump Media's plan to buy $2.3 billion worth of Bitcoin for its treasury, declaring the registration statement effective on June 13, 2025.

- *Impact on Bitcoin Price*: This news has contributed to a surge in Bitcoin's price, with it recently breaking past $110,000.