$BTC

1. Trump Media Group's Bitcoin Treasury Transaction Approved

Trump Media & Technology Group (TMTG) received SEC approval on June 13, 2025, for its Bitcoin 'Treasury Transaction,' which is now officially effective. This transaction allows the company to include Bitcoin as part of its balance sheet, alongside its existing $759 million in cash and short-term investments. The company emphasizes that there are currently no immediate financing plans, but it has raised approximately $2.3 billion through hybrid financing involving 50 investors.

This transaction is one of the largest Bitcoin treasury allocations among publicly traded companies, involving resale rights for 56 million shares of common stock and 29 million shares of convertible bonds.

2. Trump's Personal Crypto Asset Earnings

In its financial report submitted in 2025, Trump disclosed that his family earned nearly $1 billion in paper profits through cryptocurrency-related businesses (such as NFTs, Bitcoin mining, etc.). Of this, $57.7 million (approximately 414 million RMB) was earned solely from the token sales of the crypto company 'World Liberty Financial.'

3. Background and Strategy

'Treasury Transaction' refers to companies incorporating Bitcoin and other digital assets into their cash reserves, replacing traditional cash. Similar strategies have been adopted by companies like GameStop and MicroStrategy, aiming to enhance capital returns by leveraging Bitcoin market conditions.

The social platform Truth Social, under TMTG, is held by Trump through trust ownership of over 50% and is one of his core assets.

Timeline Explanation

All information is based on disclosures made on or before June 13, 2025, and is closely related to the current date (June 15, 2025). Trump's crypto layout involves both corporate-level treasury allocations and personal investment profits, reflecting his deep engagement in the cryptocurrency space.