GREEN LIGHT FOR $BTC
The United States Securities and Exchange Commission (SEC) has approved Trump Media & Technology Group's registration for plans to establish a $2.3 billion corporate Bitcoin reserve, according to a report from The Block.
The approval is an important step for the company linked to former US President Donald Trump to embark on a large Bitcoin acquisition strategy.
Trump Media has already managed to raise $2.3 billion from around 50 institutional investors through a private placement offering.
While it has not been disclosed specifically how much of the funds will be allocated to Bitcoin purchases, the move signals the company's commitment to making Bitcoin a long-term corporate reserve asset.
SC: CWID
