The U.S. Securities and Exchange Commission (SEC) approved the application of the American company Trump Media and Technology Group, owned by White House chief Donald Trump, to create a bitcoin reserve. This is reported by The Block.
Thus, Trump Media's capital of $2.3 billion, raised from approximately 50 institutional investors, is unlocked and can be used to purchase bitcoins at any time. However, the company did not specify the exact amount planned for cryptocurrency purchases.
Previously, Trump's company raised $2.5 billion to purchase bitcoins for its balance sheet. In the future, an additional $12 billion is planned to be raised, including for further purchases of the most popular digital asset.
$BTC *The message is for informational purposes only and does not constitute individual investment advice or an offer to purchase the mentioned securities. Acquiring foreign securities involves additional risks.
