14.06.2025 20:00

The United States Securities and Exchange Commission (SEC) has given its approval to Trump Media and Technology Group (TMTG)'s registration statement for a substantial Bitcoin treasury acquisition, according to a recent announcement. This significant development follows TMTG's confirmation of a $2.3 billion capital raise earmarked for purchasing Bitcoin just weeks prior.


TMTG, the parent company of the Truth Social platform and a venture partially owned by former President Trump, successfully navigated the SEC's regulatory process. A June 13th SEC filing officially declared the company's S-3 registration statement, submitted on June 6th, effective. This S-3 filing, a standard procedure for U.S. companies, allows for the registration of various securities, including stocks and debt instruments. Simultaneously, TMTG submitted a corresponding prospectus.


This ambitious move signifies an aggressive expansion strategy for TMTG. The SEC filing reveals that the $2.3 billion capital raise involved the resale of 56 million shares, along with 20 million shares tied to convertible notes, secured through debt and equity agreements with approximately 50 investors. Crucially, the registration includes a universal shelf provision, offering TMTG considerable flexibility for future funding endeavors, although the company currently has no immediate plans to issue any securities under this provision.


TMTG CEO and President Devin Nunes outlined the company's ambitious vision. He stated that their expansion plans involve a multifaceted approach: strengthening and growing their social media and streaming platforms, developing their fintech brand, and establishing the Bitcoin treasury – all aimed at rapidly transforming Trump Media into a crucial player within what Nunes terms the "Patriot Economy." The initiative clearly demonstrates a commitment to significant growth and diversification.