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.