Trump Media & Technology Group has secured SEC approval for a groundbreaking $2.3 billion Bitcoin treasury deal, marking a significant milestone in corporate cryptocurrency adoption.
This strategic move positions the company as one of the largest public entities to integrate Bitcoin directly into its treasury management, reflecting a growing institutional embrace of digital assets.
According to COINOTAG, the deal involved the resale of approximately 56 million shares and convertible notes totaling 29 million shares, sourced from around 50 investors, underscoring strong market confidence.
Trump Media’s $2.3B Bitcoin treasury deal gains SEC approval, signaling a major shift in corporate crypto adoption and setting a precedent for public companies.
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The U.S. Securities and Exchange Commission’s official approval of Trump Media & Technology Group’s Bitcoin treasury deal represents a pivotal development in the intersection of traditional finance and cryptocurrency. The approval, granted on June 13, followed the company’s Form S-3 registration statement filed just a week earlier. This regulatory green light enables Trump Media to legally hold and manage Bitcoin as a core component of its treasury strategy, a move that is both bold and unprecedented for a publicly traded company of its scale.
By raising $2.3 billion through the resale of approximately 56 million shares and an additional 29 million shares underlying convertible notes, Trump Media has demonstrated robust investor interest in its crypto-forward approach. This transaction, which closed on May 30, is being hailed as one of the largest Bitcoin treasury deals for a public company, highlighting a strategic shift toward digital asset integration in corporate finance.
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Source: https://en.coinotag.com/trump-media-may-advance-bitcoin-strategy-after-sec-approval-of-2-3b-treasury-deal/