Trump Media and Technology Group (TMTG), the company behind former President Donald Trump’s Truth Social platform, has received approval from the US Securities and Exchange Commission (SEC) to register its Bitcoin treasury deal. This move allows TMTG to potentially raise capital through the sale of approximately 56 million shares and 29 million more tied to convertible notes as part of debt and equity agreements with over 50 investors. The estimated value of this transaction is $2.3 billion. TMTG’s CEO, Devin Nunes, announced that they are actively expanding their operations in social media, TV streaming, and fintech while using Bitcoin as a key component of their assets. 50 investors provided capital for the deal.