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

The SEC's approval comes just weeks after Trump Media confirmed its capital increase to buy Bitcoin, after initially denying previous reports.

Trump Media and Technology Group (TMTG), the company that owns the president of the United States, Donald Trump's Truth Social platform, and in which the president has partial ownership, has received the approval of the U.S. Securities and Exchange Commission (SEC) for the registration statement related to its Bitcoin treasury operation worth $2.3 billion.

According to a document filed with the SEC on June 13, the agency "declared effective" TMTG's S-3 registration request, submitted on June 6, for the Bitcoin treasury operation

BTC 91,347 €

The S-3 is a form used by U.S. companies 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.