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Trump Media Secures SEC Approval for $2.3B Bitcoin Treasury Deal

  • Trump Media, parent company of Truth Social and linked to Donald Trump's family, secures SEC approval for a $2.3 billion Bitcoin treasury deal.
  • Approval granted on June 13 after Form S-3 registration statement filed on June 6; company raised funds through share resale and convertible notes from 50 investors.
  • Deal marks one of the largest Bitcoin treasury deals for a public company with a significant shift in financial strategy towards Bitcoin.
  • Transaction completed on May 30; company aligns with the trend of institutional and corporate adoption of digital assets.

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