#TrumpBTCTreasury Trump BTC Treasury refers to a plan by Trump Media and Technology Group (TMTG), partially owned by former US President Donald Trump, to create a Bitcoin treasury worth $2.3 billion to $2.5 billion. This move is part of TMTG's strategy to expand into the cryptocurrency space and potentially launch a spot Bitcoin ETF.

*Key Developments:*

- *SEC Approval*: The US Securities and Exchange Commission (SEC) has declared TMTG's S-3 registration statement effective for the Bitcoin treasury deal.

- *Capital Raise*: TMTG raised $2.44 billion through a mix of common stock sales and convertible notes to purchase Bitcoin.

- *Bitcoin Holdings*: The company plans to allocate $2.32 billion of the net proceeds to buy Bitcoin,