#TrumpBTCTreasury Trump Media and Technology Group (TMTG), the company that owns US President Donald Trump’s Truth Social platform and is partially owned by the president, has received approval from the US Securities and Exchange Commission (SEC) for its registration statement tied to its $2.3 billion Bitcoin treasury deal.
According to a June 13 SEC filing, the agency “declared effective” TMTG’s S-3 registration statement — filed on June 6 — for the Bitcoin
BTC
$105,406
treasury deal. The S-3 is a form that US companies use to register the sale of various securities, like stocks, options, and different types of debt. TMTG filed a corresponding final prospectus with the SEC on the same day.Trump Media’s CEO says the firm is “aggressively” expanding
The SEC filing said that, as part of its Bitcoin treasury plan, TMTG registered the resale of approximately 56 million shares and 29 million more tied to convertible notes as part of debt and equity agreements with around 50 investors, which yielded $2.3 billion.
Although the registration statement includes a universal shelf to give TMTG “greater flexibility” for future growth plans, the company currently has “no immediate plans” to issue any securities under it.
#CardanoDebate ADA fell by 6.01% to $0.6412 after rejecting above $0.68 and testing lows near $0.625, according to the technical analysis model from CoinDesk Research. The Cardano community is divided over the proposed distribution of $100 million to support the liquidity of stablecoins. IOG CEO Charles Hoskinson claims that the sale could be carried out gradually, using over-the-counter trades and algorithmic execution tools, minimizing the impact on the market. A popular Cardano influencer expressed concern about the pressure to front-run and sell ADAV. The volume surged to nearly $0.622 before the price recovered to $0.64 but faced resistance.
The ADA token of Cardano dropped by 6.01% to $0.6412 as the market reacted to both macro volatility and the heated debate over the governance of the proposed $100 million distribution from the treasury aimed at strengthening the DeFi ecosystem.
On Wednesday, the TapTools team asked their followers on X what they think about the idea of deploying 140 million ADA (about $100 million) to provide liquidity for stablecoins like USDM and to quote Cardano.
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Despite increasing market volatility, crypto enthusiasts express cautious optimism. Bitcoin surged past the $100,000 mark, thanks to a wave of institutional investments, record demand for spot ETFs, and renewed public enthusiasm. This wave began with a hesitant rise at the end of 2023, then dropped, and has since recovered to a strong bullish momentum. The overall surge was bolstered by the Bitcoin halving in April 2024, Donald Trump's pro-crypto stance, and the macroeconomic climate, which is increasingly favorable for decentralized assets.
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