The U.S. Securities and Exchange Commission (SEC) approved the deal between Trump Media and Technology Group (TMTG) to create a bitcoin treasury worth $2.3 billion.

TMTG is the company that owns the Truth Social platform and is partially owned by Donald Trump. As part of the plan to create the BTC treasury, TMTG registered the sale of about 56 million shares and another 29 million related to convertible notes, as part of debt and equity agreements with approximately 50 investors.