#TrumpBTCTreasury Here’s the current update on the #TrumpBTCTreasury as it relates to Binance and broader crypto developments:
🧾 Trump Media & Technology Group (TMTG) Bitcoin Buy
June 13, 2025: The SEC declared effective TMTG’s S‑3 registration, enabling the company to raise approximately $2.3 billion through the resale of ~56 million equity shares and 29 million convertible notes, specifically to fund Bitcoin purchases
TMTG now plans to hold BTC on its balance sheet alongside $759 million in cash and equivalents as of Q1 2025
The firm has also filed to launch a Truth Social Bitcoin ETF, offering direct BTC exposure to shareholders.
DRW Investments’ Don Wilson invested $100 million in TMTG’s BTC treasury effort, joining the effort at scale.
Custody services for the BTC holdings are being handled by Crypto.com and Anchorage Digital.
🇺🇸 Strategic & Political Implications
This move mirrors MicroStrategy’s strategy but occurs in a highly politicized context given Trump’s presidency.
Trump previously issued an executive order (March 6, 2025) creating a U.S. Strategic Bitcoin Reserve using seized BTC (~200,000 BTC).
A parallel push by Trump is underway to make BTC part of national policy, with discussions of a national Bitcoin vault and politicized appetite among allies.
Ethical and regulatory concerns abound, including:
Potential conflicts of interest—e.g., Trump family’s crypto profits and ties with Binance CEO CZ and memecoin ventures.
Political scrutiny from opponents wary of central-bank bypass and asset volatility.
🧩 Connection to Binance
The Trump family, via World Liberty Financial, previously engaged in talks to invest in the U.S. arm of Binance; ties include UAE-backed funding and efforts for CZ's pardon.
The SEC under Trump paused/enforced leniency on Binance-related legal actions.
While TMTG’s treasury plan does not directly involve Binance, it reinforces the broader Trump-linked crypto ecosystem that includes Binance through financial and legal signals.#TrumpTariffs #CryptoRoundTableRemarks #Write2Earn $BTC $TRUMP
