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.