#TrumpBTCTreasury 1. Trump Media & Technology Group (TMTG) and Bitcoin:
* Creation of a "Bitcoin Treasury": Trump Media & Technology Group (TMTG), the company behind Truth Social and partially owned by Donald Trump, announced plans to raise around $2.5 billion to create a "Bitcoin treasury". This means the company will have Bitcoin as a crucial part of its assets, similar to other "Bitcoin treasury companies" like MicroStrategy.
* SEC Approval: The U.S. Securities and Exchange Commission (SEC) has declared the S-3 registration statement of TMTG for this $2.3 billion Bitcoin treasury deal as "effective". This allows TMTG to register the resale of shares and convertible notes to finance the acquisition of Bitcoin.
* Motivation: TMTG sees Bitcoin as a "pinnacle instrument of financial freedom" and aims to use this investment to "defend the Company from harassment and discrimination by financial institutions". It also aims to expand its reach within the "America First economy".
* Possible Bitcoin ETFs: TMTG has also filed an application with the SEC to launch a spot Bitcoin exchange-traded fund (ETF).