Trump Media and Technology Group (TMTG) has officially received approval from the U.S. Securities and Exchange Commission (SEC) for a $2.3 billion Bitcoin treasury registration, affirming their ambitions in the cryptocurrency industry.
SEC Registration Approval
According to an SEC filing dated June 13, 2025, the commission "declared effective" the company's S-3 registration statement submitted on June 6. The filing includes plans to resell approximately 56 million shares and an additional 29 million shares tied to convertible notes as part of debt and equity agreements with about 50 institutional investors. These arrangements allowed TMTG to raise a total of $2.3 billion.
TMTG's Strategy in Bitcoin and Fintech
While the universal shelf registration provides flexibility for future securities issuance, TMTG clarified that it currently has "no immediate plans" to issue any securities under this provision. However, this approval gives Trump Media broader freedom to pursue aggressive expansion. Devin Nunes, CEO of TMTG, emphasizes the company's multi-faceted growth strategy: "We are aggressively implementing our plans to expand the Company, our offerings, and our capabilities."
The Future of Bitcoin as a Treasury Asset
Trump Media's recent filings reflect a serious commitment to Bitcoin. The firm has added BTC to its corporate balance sheet and filed to launch a Bitcoin Exchange-Traded Fund (ETF) with the SEC on June 5. The filing highlights that the assets of the Trust consist primarily of Bitcoin held by a custodian. Devin Nunes previously described Bitcoin as an "apex instrument of financial freedom," underlining its strategic role in the company's evolving identity.
This SEC approval strengthens Trump Media's Bitcoin holdings and positions the company as a serious fintech contender. With Truth Social and initial plans for an ETF, TMTG is building infrastructure aimed at crypto-friendly audiences.
