#TrumpBTCTreasury
šØ Breaking Crypto News šØ
Trump Media and Technology Group (TMTG), the parent company of Truth Social, has secured approval from the U.S. Securities and Exchange Commission (SEC) for its $2.3 billion Bitcoin treasury deal. This strategic move enables TMTG to bolster its balance sheet with Bitcoin, aligning with the growing trend of institutional adoption of digital assets.
The funding comprises $1.5 billion in equity and $1 billion in convertible debt, sourced from approximately 50 institutional investors. These funds will be utilized to establish a Bitcoin treasury and support initiatives such as a Truth Social Bitcoin ETF, providing shareholders with direct exposure to Bitcoin.
This development positions TMTG alongside firms like MicroStrategy in adopting Bitcoin as a treasury asset, signaling a significant shift in the corporate approach to digital currencies.
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