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🇺🇸 1. U.S. Securities and Exchange Commission (SEC) approves Bitcoin bonds for Trump Media
On June 13, 2025, the U.S. Securities and Exchange Commission (SEC) announced the start of the registration of Trump Media & Technology Group on the S-3 stock exchange, allowing for a funding round of $2.3 billion through approximately 56 million shares and convertible bonds aimed at purchasing Bitcoin. The press release confirmed that these bonds would be raised alongside $759 million in current cash and equivalents.
The company is now among the largest Bitcoin bonds for public companies, following the model of firms like MicroStrategy.
🤔 2. The significance of this matter
Trump Media views this move as a hedge against banking discrimination and a way to integrate Bitcoin into its services - Truth Social, streaming services, and fintech.
This is part of a broader strategy that includes applying for a Bitcoin exchange-traded fund (the 'Social Real Bitcoin ETF'), which, if approved, could give investors the opportunity to gain exposure to Bitcoin through company shares.
🏛 3. Trump's broader strategy towards cryptocurrencies in the United States
In March 2025, Trump signed an executive order to create a strategic Bitcoin reserve and a U.S. inventory of digital assets, funded by seized federal cryptocurrencies - estimated to be worth around $20 billion.
This move represents a significant shift in U.S. policy - as cryptocurrencies are considered a national reserve asset like gold.
🌐 4. Reception and concerns
Reactions from media and markets varied: some praised the credibility it brings to cryptocurrency markets; while others warned that it politicizes financial infrastructure and contradicts Bitcoin's decentralized philosophy.
Critics fear the risks of volatility, a decrease in investor value (Trump Media's stock fell by 7-9% after the announcements), and the potential for conflicts of interest.
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🧭 Summary
What are the details?
Who is Trump Media & Technology Group (the parent company of Truth Social), backed by former President Trump?
What is the $2.3 billion fundraising process approved by the U.S. Securities and Exchange Commission (SEC) to build a Bitcoin treasury fund + submit a spot Bitcoin ETF application?
When was it approved by the U.S. Securities and Exchange Commission on June 13, 2025?
What is its significance? A pioneering step that combines mainstream financing, cryptocurrency adoption, and politics.
