SEC Approves $2.3B Bitcoin Treasury Plan for Trump Media, Fueling Expansion

The U.S. Securities and Exchange Commission has cleared the way for Trump Media’s $2.3 billion Bitcoin treasury plan, fueling expansion into media, fintech, and digital assets. This approval covers 85 million shares linked to equity and debt arrangements with a network of 50 investors. The move is a significant step towards establishing Truth Social, a platform spearheaded by former President Donald Trump.