Trump Media & Technology Group has received approval from the U.S. Securities and Exchange Commission (SEC) for a significant $2.3 billion Bitcoin treasury deal.
This approval, granted following the company’s Form S-3 registration statement, marks a major milestone in corporate cryptocurrency adoption. The deal involves the resale of approximately 56 million shares and convertible notes totaling 29 million shares, originating from around 50 investors.
The transaction positions Trump Media as one of the largest publicly traded companies to directly integrate Bitcoin into its treasury management strategy. This move is seen as a strong indicator of growing institutional confidence in Bitcoin as a viable treasury reserve asset.
Market analysts suggest the SEC’s approval could set a significant precedent, potentially encouraging other publicly listed companies to explore similar Bitcoin treasury allocations. The deal is viewed as a potential blueprint for firms considering cryptocurrency integration into their corporate financial strategies.