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

  • Trump Media has secured SEC approval for a $2.3 billion Bitcoin treasury initiative.
  • The approval allows the company to raise funds from existing debt and equity agreements for a major BTC treasury acquisition.
  • The SEC declared the company's registration statement on Form S-3 effective, enabling formal capital-raising efforts and future expansion.
  • The funds were obtained through agreements with nearly fifty investors and include common shares and convertible notes.
  • Proceeds are intended for various expansion initiatives, notably Bitcoin accumulation through the company's FinTech arm, Truth.Fi.
  • This move aligns Trump Media with other corporate Bitcoin players like MicroStrategy, reflecting a shift towards Bitcoin as a treasury reserve asset.
  • The approval signifies a regulatory milestone for the company's digital asset ambitions amid a broader trend of digital assets playing a key role in corporate finance strategies.

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