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The U.S. SEC has approved Trump Media and Technology Group’s $2.3 billion Bitcoin Treasury deal, marking a significant move for the company behind Truth Social. The deal, one of the largest Bitcoin treasury transactions for a public company, includes custody partnerships with Crypto.com and Anchorage Digital.
- Trump Media's $2.3B Bitcoin Treasury deal is one of the largest for a public company, with custody managed by Crypto.com and Anchorage Digital.
- The company plans to leverage the Bitcoin Treasury for subscription payments, a utility token, and other transactions across its platforms, including Truth Social.
- Don Wilson, CEO of DRW Investments, invested $100M in the deal, sparking concerns over potential conflicts of interest due to his firm's past regulatory benefits under the Trump administration.
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