#TrumpBTCTreasury
Trump Media and Technology Group, led by former US President Donald Trump, has announced plans to establish a Bitcoin (BTC) treasury worth $2.5 billion. Here's what's happening:
- *SEC Approval*: The US Securities and Exchange Commission (SEC) has declared Trump Media's registration statement effective, allowing the company to move forward with its Bitcoin treasury plan worth $2.3 billion.
- *Investment Details*: The company raised $2.3 billion from 50 institutional investors through the sale of common stock and convertible senior secured notes. The funds will be used to purchase Bitcoin for its treasury.
- *Custody Partners*: Trump Media has partnered with (link unavailable) and Anchorage Digital to provide custody services for its Bitcoin holdings.
- *Impact on Bitcoin Price*: The announcement initially drove Bitcoin's price past $110,000, and the cryptocurrency has seen increased trading volumes. This move signals strong corporate adoption of Bitcoin and potentially boosts institutional confidence.
- *Company Vision*: Trump Media's CEO, Devin Nunes, highlighted the company's vision to "aggressively" improve its offerings and capabilities, including its Bitcoin treasury.
*Key Figures:*
- $2.5 billion: The initial announced value for Trump Media's Bitcoin treasury plan.
- $2.3 billion: The amount raised from investors and approved by the SEC for the Bitcoin treasury.
- *$110,065*: The Bitcoin price after the announcement, just 1.7% off its all-time high of $111,970 reached on May 22, 2025.
