#TrumpBTCTreasury

The U.S. Securities and Exchange Commission (SEC) has approved the registration of Trump Media & Technology Group for a plan to establish a corporate Bitcoin reserve worth $2.3 billion, according to a report from The Block.

This approval is an important step for the company associated with former U.S. President Donald Trump to initiate a large-scale Bitcoin acquisition strategy.

Trump Media has successfully raised $2.3 billion from around 50 institutional investors through a private placement offering.

Although it has not been specifically disclosed how much funding will be allocated for Bitcoin purchases, this move demonstrates the company's commitment to making Bitcoin a long-term corporate reserve asset.