$BTC On June 13, Trump Media and Technology Group announced that the U.S. Securities and Exchange Commission (SEC) has approved its registration statement related to its Bitcoin treasury deal.

The Trump Group has received formal approval from the U.S. Securities and Exchange Commission for its $2.3 billion Bitcoin deal.

At the same time, the company filed a final prospectus that outlines the terms for the resale of securities related to the transaction.

The development supports the company’s broader expansion strategy, which includes raising significant capital through what it describes as one of the largest Bitcoin treasury initiatives undertaken by a public company.

TMTG views Bitcoin as a key tool for financial freedom, and Trump Media will now hold the cryptocurrency as a key part of its assets.