#TrumpBTCTreasury

The Block reports that Trump Media & Technology Group's registration for plans to create a $2.3 billion corporate Bitcoin reserve has been approved by the US Securities and Exchange Commission (SEC).

For the business associated with former US President Donald Trump, the approval is a crucial step in starting a significant Bitcoin acquisition campaign. Through a private placement offering, Trump Media has already raised $2.3 billion from about 50 institutional investors.

Although the precise percentage of the funds that would be used for Bitcoin purchases has not been made public, the action shows the company's intention to establish Bitcoin as a long-term corporate reserve asset.