Trump Media and Technology is taking steps towards its Bitcoin treasury plans, having secured SEC approval.
Confirmation of Bitcoin Treasury Registration
According to recent reports, the US SEC has officially approved the S-3 registration related to Trump Media's Bitcoin treasury as of Friday. Following this, the company has filed a final prospectus with the SEC.
Funding through Investments
For its Bitcoin treasury plans, Trump Media has raised a significant amount of $2.3 billion from approximately 50 investors. The funds were raised through the sale of 56 million shares of equity and 29 million shares of convertible notes.
Future of Bitcoin Treasury and Its Impact
According to Trump Media's CEO and President, establishing a Bitcoin treasury, alongside enhancing its social media platform and fintech brand, will allow the company to rapidly transform into an indispensable entity in the growing Patriot Economy.
Clearly, Trump Media's steps towards creating a Bitcoin treasury could pave the way for other companies and further the acceptance of cryptocurrencies in the corporate world.
