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The SEC has approved Trump Media and Technology Group’s (TMTG) $2.3 billion Bitcoin treasury deal, marking a significant milestone for the company. The approval follows TMTG’s capital raise to purchase Bitcoin, despite initial denials of earlier reports.
- The SEC approved TMTG's S-3 registration statement for a $2.3 billion Bitcoin treasury deal, effective June 13.
- TMTG registered the resale of 56 million shares and 29 million tied to convertible notes as part of the deal.
- The approval follows TMTG's capital raise to purchase Bitcoin, despite initial denials of earlier reports.
📎 Related coverage from: cointelegraph.com