#TrumpBTCTreasury The SEC declares effective the registration of the Bitcoin treasury of Trump Media

The SEC's approval comes just weeks after Trump Media confirmed its capital raise to buy Bitcoin, following initial denials of earlier reports.

Trump Media and Technology Group (TMTG), the company owning the Truth Social platform of U.S. President Donald Trump and which is partially owned by the president, received approval from the U.S. Securities and Exchange Commission (SEC) for its registration statement related to its Bitcoin treasury agreement 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, filed on June 6, for the Bitcoin (BTC) purchase and sale 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.