#TrumpBTCTreasury Trump Media & Technology Group Corp. has closed a private placement offering of $2.44 billion to create a Bitcoin treasury, making it one of the largest holders of Bitcoin among publicly traded U.S. companies. Here’s what’s happening ¹ ²:

- *Key Details :*

- *Amount Raised:* $2.44 billion, of which $1.44 billion comes from the sale of common stock and $1 billion from convertible secured bonds.

- *Use of Funds:* Approximately $2.32 billion will be used to create a Bitcoin treasury, with the remainder allocated for general corporate purposes and working capital.

- *Custody:* (link unavailable) and Anchorage Digital will provide institutional-grade custody for the Bitcoin assets.

- *Company Plans:*

- *Bitcoin Adoption:* Trump Media views Bitcoin as a symbol of financial freedom and plans to use it for subscription payments, tokenization initiatives, and broader fintech development.

- *Expansion:* The company aims to evolve into a holding company by acquiring additional revenue-generating assets aligned with its "America First" principles.

- *ETF Plans:* Trump Media has filed for a spot Bitcoin exchange-traded fund (ETF) with (link unavailable) as the custodian, signaling potential growth in crypto adoption in the U.S.

- *Regulatory Approval:*

- *SEC Green Light:* The U.S. Securities and Exchange Commission (SEC) has approved Trump Media’s S-3 registration statement, allowing the company to launch its Bitcoin treasury strategy.

- *Implications:* This approval could encourage more institutional investors to view Bitcoin as a reliable hedge against economic uncertainty.