#TrumpBTCTreasury $BTC
Trump Media's Bitcoin Treasury
- Trump Media and Technology Group (TMTG) has received approval from the US Securities and Exchange Commission (SEC) for its $2.3 billion Bitcoin treasury deal.
- The company plans to use the funds to purchase Bitcoin as part of its strategy to expand its assets and defend against financial institutions.
- TMTG's CEO, Devin Nunes, views Bitcoin as an "apex instrument of financial freedom" and believes it will be a crucial part of the company's assets.¹ ²
Strategic Bitcoin Reserve
- President Donald Trump has signed an Executive Order to establish a Strategic Bitcoin Reserve and a US Digital Asset Stockpile.
- The Strategic Bitcoin Reserve will be capitalized with Bitcoin forfeited as part of criminal or civil asset forfeiture proceedings.
- The goal is to position the United States as a leader in government digital asset strategy and make America the "crypto capital of the world".³