Trump Media secured SEC approval to use $2.3B in capital for discretionary Bitcoin and digital asset purchases.
The firm’s universal shelf registration allows raising up to $12B through stock, debt, or warrants.
About 84.7 million early investor shares are now registered for resale, representing 30% of total outstanding shares.
The U.S. Securities and Exchange Commission has approved Trump Media and Technology Group’s registration, allowing the firm to pursue a Bitcoin acquisition plan using $2.3 billion in unlocked capital. The registration became effective on Friday, following the firm’s earlier announcement of its intention to hold Bitcoin in treasury. Trump Media, which trades under the Nasdaq ticker DJT, can now acquire Bitcoin or related assets at any time without further regulatory hurdles.
The capital came from around 50 institutional investors. While the firm has not disclosed how much Bitcoin it intends to purchase, the prospectus confirms that all purchases will be made at the firm’s discretion. The registration opens the door for Trump Media to use its raised funds not only for Bitcoin but also for general corporate purposes.
Universal Shelf Offers $12 Billion Capital Flexibility
Trump Media’s filing includes a universal shelf registration that allows the firm to raise up to $12 billion in stock, debt, or warrants. According to the press release, the firm currently has no plans to issue any securities under this provision. However, the shelf gives the company broad flexibility to access capital markets as needed in the future.
The company also registered approximately 84.7 million shares held by early investors for resale. This number accounts for about half of the public float and 30% of all outstanding shares. These registered shares are now eligible for sale, subject to market conditions and investor decisions.
Bitcoin Strategy Includes Broader Digital Asset Exposure
According to the firm’s goal, Trump Media’s Bitcoin strategy expands beyond direct Bitcoin purchases. The plan may also include obtaining BTC-related securities and transforming Bitcoin holdings into cash or interest-bearing investments, leaning on market conditions.
The filing does not specify a timeline for any purchases or sales. Instead, it states that Trump Media will determine amounts and timing internally. This approach gives the firm complete control over its asset management strategy.
Digital Expansion Includes Streaming and Fintech Ventures
In addition to the Bitcoin treasury plan, Trump Media operates multiple digital businesses. These include the Truth Social platform, Truth+ streaming service, and the recently launched Truth.fi fintech brand. Truth.fi, introduced in January, is positioned as a financial services platform with crypto features.
With the SEC’s clearance, Trump Media is now positioned to act on its Bitcoin treasury strategy using the $2.3 billion capital base. The approval also provides the company with tools for broader financial maneuvers, including the ability to raise more capital or diversify asset holdings across digital and traditional instruments.
