#TrumpBTCTreasury The SEC's approval comes just weeks after Trump Media confirmed its capital raise to buy Bitcoin, following initial denials of previous reports.

In a document filed with the SEC on June 13, the agency declared effective the S-3 registration statement of TMTG, filed on June 6, for the Bitcoin (BTC) trading 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. TMTG submitted the corresponding final prospectus to the SEC on the same day.

The CEO of Trump Media says the company is expanding "aggressively."

Although the registration statement includes a universal platform to give TMTG “greater flexibility” for future growth plans, the company currently has “no immediate plans” to issue securities under it.

By simultaneously enhancing and expanding our social media platform, our TV streaming platform, and our fintech brand, while establishing a treasury in Bitcoin, our goal is to continue rapidly transforming Trump Media into an indispensable company for the growing customer base of the Patriot Economy.

This comes just weeks after the company confirmed a capital raise of $2.5 billion to buy Bitcoin on May 27 after denying previous reports about the deal.

At that time, Nunes said that TMTG considers “Bitcoin as a paramount instrument of financial freedom, and now Trump Media will consider cryptocurrency as a crucial part of our assets.”

The Trust's assets primarily consist of Bitcoin, held by a custodian on behalf of the Trust. The Trust seeks to generally reflect the price behavior of Bitcoin, TMTG stated in a filing on June 5.