#TrumpBTCTreasury Trump Media and Technology Group (TMTG), the parent company of Truth Social, partially owned by U.S. President Donald Trump, has received permission from the U.S. Securities and Exchange Commission (SEC) for a major acquisition of bitcoin.

According to a statement filed on June 13, the SEC recognized TMTG's registration statement on Form S-3 as effective, allowing the company to proceed with the acquisition of bitcoin for $2.3 billion, reports Cointelegraph.

The registration includes the resale of nearly 56 million shares and another 29 million related to convertible bonds issued to approximately 50 investors. I believe Trump Media aims to become an indispensable company for expanding the customer base of the economy. The company views bitcoin not only as an investment but also as "the pinnacle of financial freedom."