#TrumpBTCTreasury
Trump Media and Technology Group Corp. (Nasdaq, NYSE Texas: DJT) announced June 13 that the U.S. Securities and Exchange Commission (SEC) has declared effective its registration statement related to a bitcoin treasury deal. This development supports the company’s broader expansion strategy, which includes raising significant capital through what it describes as one of the largest bitcoin treasury initiatives undertaken by a public company. Simultaneously, the company filed a final prospectus outlining terms for the resale of securities connected to the transaction.
Devin Nunes, CEO and president of Trump Media, articulated the company’s goals moving forward: “We’re aggressively implementing our plans to expand the Company, our offerings, and our capabilities. By simultaneously enhancing and growing our social media platform, TV streaming platform, and our Fintech brand while establishing a bitcoin treasury, we aim to continue rapidly transforming Trump Media into an indispensable company for the expanding customer base of the Patriot Economy.” Advocates of bitcoin-integrated treasury strategies assert that such moves may serve as hedges against macroeconomic volatility while aligning firms with the future of decentralized finance.