#TrumpBTCTreasury The SEC declares effective the registration of Trump's Bitcoin treasury
The SEC's approval comes just weeks after Trump Media confirmed its capital raising to buy Bitcoin, following initial denials of previous reports.
Trump Media and Technology Group (TMTG), the company that owns President Donald Trump's Truth Social platform and is partially owned by the president, received approval from the U.S. Securities and Exchange Commission (SEC) for its registration statement related to its $2.3 billion Bitcoin treasury agreement.
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) buy-sell 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.
