#TrumpBTCTreasury Trump Media & Technology Group Corp. (TMTG), a company belonging to President Donald Trump, has obtained approval from the U.S. Securities and Exchange Commission (SEC) to issue securities that will fund, among other initiatives, the creation of a bitcoin (BTC) treasury.

The company announced that its registration statement on Form S-3 has been declared effective by the SEC, allowing TMTG to proceed with the issuance of common stock and convertible debt to raise funds. These funds, amounting to approximately USD 2.3 billion, come from agreements with around 50 institutional investors and will be partially allocated to establishing a bitcoin treasury, in addition to other corporate purposes.