SEC Approves Trump Media’s $2.3 Billion Bitcoin Holdings: A Major Move in Crypto-Backed Finance

Trump Media and Technology Group (TMTG), the company behind Truth Social, has received approval from the U.S. Securities and Exchange Commission (SEC) to register its $2.3 billion Bitcoin treasury. This bold move marks a significant shift into crypto-backed corporate finance. 56 million shares and an additional 29 million tied to convertible notes were sold through debt and equity agreements with over 50 institutional investors, raising the total funding.