#TrumpBTCTreasury Trump Media & Technology Group (TMTG) recently announced a significant move into Bitcoin, with plans to establish a "Bitcoin treasury." The company secured a $2.5 billion deal through stock issuance and convertible notes, aiming to hold Bitcoin on its balance sheet. This initiative aligns with President Donald Trump's broader support for cryptocurrency, including an Executive Order to establish a Strategic Bitcoin Reserve and U.S. Digital Asset Stockpile, treating Bitcoin as a reserve asset. The SEC has declared TMTG's registration statement for this Bitcoin treasury deal effective, marking a notable step in a trend of publicly traded companies acquiring Bitcoin.
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