On June 13, 2025, the SEC declared Trump Media & Technology Group’s Bitcoin treasury registration effective, enabling it to raise $2.3 billion through equity and convertible notes to fund a Bitcoin accumulation . The company will hold BTC on its balance sheet alongside $759 million in cash and short-term assets, aligning with peers like MicroStrategy and GameStop .
Simultaneously, DRW Investments—led by Don Wilson—invested $100 million into the project, making it one of the largest backers. Weeks earlier, the SEC dismissed a lawsuit against Wilson’s crypto firm, reflecting the administration’s pro‑crypto pivot .
This move echoes the administration’s broader strategy: earlier establishment of a Strategic Bitcoin Reserve holding ~200,000 BTC seized by the U.S. Treasury via executive order in March . Together, these actions solidify a sweeping embrace of digital assets at both governmental and corporate levels
