The U.S. Securities and Exchange Commission (SEC) recently approved the S-3 filing of Trump Media & Technology Group (TMTG) on June 13, 2025, allowing the company to raise approximately $2.3 billion to implement a Bitcoin reserve strategy. According to sources, this includes the resale of about 56 million shares and 29 million convertible bonds, with the aim of integrating Bitcoin into the company's financial reserves, alongside cash, through the support of platforms like Crypto.com and Anchorage Digital.
This move marks a significant turning point, making Trump Media one of the largest publicly traded companies that own Bitcoin. Additionally, TMTG is also filing an S-1 for a Bitcoin ETF fund on the NYSE Arca, although it is still awaiting SEC approval. However, detailed plans for purchasing Bitcoin have not yet been clearly announced.
This strategy reflects Trump's positive trend towards cryptocurrency, bolstered by a recent executive order to establish a National Strategic Bitcoin Reserve Fund, utilizing Bitcoin seized from cases. However, some opinions on X suggest that, while this is positive news, the cryptocurrency market does not seem to be reacting strongly.