TMTG Secures SEC Approval for $2.3 Billion Bitcoin Vault Deal

TMTG has received regulatory approval from the SEC for its $2.3 billion Bitcoin vault transaction, according to a recent announcement from Odaily. The company registered an S-3 statement related to this deal on June 13th. This transaction involved the resale of 56 million shares and 29 million shares linked to convertible bonds, involving approximately 50 investors. TMTG views Bitcoin as a crucial financial tool for freedom, and plans to hold it as a core asset moving forward. Notably, earlier on June 5th, TMTG submitted a spot Bitcoin ETF application to the SEC, aiming to create a trust fund centered around Bitcoin as its primary asset.