#TrumpBTCTreasury

"Bitcoin Treasury" Trump Media & Technology Group (TMTG)

At the end of May, TMTG (the company that owns Truth Social, controlled by the Trump family) raised approximately $2.3–2.5 billion through mixed deals (stocks + convertible notes) to purchase bitcoin.

On June 13, the SEC announced the effectiveness of the S-3 registration statement for these securities, removing obstacles for placing BTC on the company's balance sheet.

TMTG also applied to launch a spot ETF, which will hold BTC through Crypto.com.

One of the participants in the deal was Don Wilson (DRW Investments), who invested $100 million.