#TrumpBTCTreasury Trump's Bitcoin Treasury initiative has been making waves in the financial world. Here's what's been happening¹ ²:

- *Executive Order*: On March 6, 2025, President Trump signed an executive order to establish a Strategic Bitcoin Reserve, utilizing BTC forfeited to the US government. The reserve aims to hold approximately 200,000 BTC, valued at around $20 billion.

- *Trump Media & Technology Group (TMTG)*: TMTG, partially owned by Trump, raised $2.5 billion to build a Bitcoin treasury. The company plans to allocate these funds to purchase BTC, joining the ranks of MicroStrategy in building a Bitcoin-centric treasury strategy.

- *SEC Approval*: The SEC declared TMTG's S-3 registration effective on June 13, allowing the company to raise funds and buy BTC. This move signals growing institutional acceptance of BTC as a strategic reserve asset.

- *Bitcoin Treasury Plan*: TMTG's plan reflects a broader trend of companies investing in Bitcoin as a hedge against inflation and fiat currency volatility. Trump's initiative has sparked debate, with proponents viewing it as a step toward financial innovation and critics warning of volatility and geopolitical risks.

- *Potential Impact*: If successful, Trump's Bitcoin Treasury could set a precedent for other nations and corporations to follow suit, potentially driving mainstream adoption and increasing Bitcoin's legitimacy.

Some key players and their moves include³ ⁴:

- *Strategy*: This company has amassed over $60 billion in BTC using a mix of debt and equity raises, providing a model for Trump's initiative.

- *GameStop*: The company announced a $1.75 billion convertible notes offering, signaling a deepening commitment to its Bitcoin-centric treasury strategy.

- *Cardano's Cardinal Protocol*: This new protocol aims to bring Bitcoin into decentralized finance (DeFi) through a trustless, cross-chain solution.