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Trump Media & Technology Group (TMTG) has secured SEC approval for its Bitcoin treasury strategy, backed by a $2.3 billion raise from institutional investors. The move signals a major corporate pivot into crypto, including plans for a Bitcoin ETF.
- TMTG's S-3 filing allows future fundraising of up to $12 billion, with immediate plans to raise $3 billion more for crypto investments.
- The company filed for a spot Bitcoin ETF (Truth Social Bitcoin ETF) with NYSE Arca and Yorkville America Digital.
- Corporate Bitcoin holdings are growing, with MicroStrategy leading at 582,000 BTC, while Bitcoin's price stays strong despite declining trading volume.
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