#TrumpBTCTreasury Trump Media and Technology Group (TMTG), the company behind Truth Social, has officially had its Bitcoin treasury registration declared effective by the U.S. SEC as of June 13, 2025 .
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š Key Facts & Timeline
Registration Approval: On June 13, 2025, the SEC approved TMTG's Form S-3 registration statement related to its Bitcoin treasury deal .
Fundraising Details: The company raised approximately $2.3 billion through around 56 million equity shares and 29 million convertible notes, with participation from roughly 50 institutional investors .
Treasury Objectives: Funds are earmarked for acquiring Bitcoin to hold on TMTGās balance sheet, complementing its current cash and short-term assets totaling about $759 million as of Q1 ā a strategy mirroring that of MicroStrategy and GameStop .
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What This Means
Bitcoin on the Balance Sheet: Once purchases begin, Bitcoin will be held alongside traditional assets like cash and TBillsāmarking TMTG as one of the few public companies with significant crypto exposure .
Custody and Management: Crypto.com and Anchorage Digital have been selected as custodians to securely hold the Bitcoin assets .
Strategic Positioning: TMTG describes this move as part of an "aggressive expansion," positioning BTC exposure as a key growth strategy within what they call the āPatriot Economyā .
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Broader Implications
Corporate Bitcoin Trend: TMTG joins a growing list of firms like MicroStrategy and GameStop that view Bitcoin not just as investment, but as part of corporate treasury strategy .
Market Impact: This large-scale allocationāover $2āÆbillionāis among the largest specially labeled āBitcoin treasuryā moves by a public company, potentially influencing broader institutional sentiment .
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Next Steps to Watch
1. Actual Bitcoin Buys: TMTG needs to execute actual acquisitionsāwatch for filings or trading activity that confirms BTC purchases.