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Trump Media bets on Bitcoin with a $2.3 billion treasury agreement.
The world of cryptocurrencies has taken a new step towards integration in the corporate realm. Trump Media and Technology Group announced on Friday that the U.S. Securities and Exchange Commission (SEC) has approved a crucial registration agreement for the company's Bitcoin treasury, marking a significant milestone in its financial strategy.
With this approval, Trump Media secured an impressive fundraising of $2.3 billion through debt and equity agreements, backed by a diverse group of approximately 50 investors. This move represents a bold shift towards the adoption of digital assets, highlighting Bitcoin as a central component of corporate finance.
Bitcoin's place on Trump Media's balance sheet.
The agreement approved by the SEC not only boosts the company's position in the financial market but also places Bitcoin as a strategic asset on its balance sheet. According to the company, this cryptocurrency will be added to its current assets, which include $759 million in cash and short-term investments as of the end of the first quarter.