Trump Media has received SEC approval to raise funds, paving the way for significant Bitcoin accumulation.
SEC Approval and Its Significance
On June 13, the company confirmed that its registration statement on Form S-3 has been declared effective by the SEC. This approval enables Trump Media to formalize its capital-raising efforts and future expansion.
Funding Sources and Investments
The $2.3 billion funding was secured through arrangements with nearly fifty investors, including both common shares and convertible notes — specifically, around 56 million shares of equity and 29 million shares underlying the notes.
Company's Strategic Plans
According to the release, these proceeds are intended for various expansion initiatives, prominently including Bitcoin accumulation via the company’s FinTech arm, Truth.Fi. This development highlights a growing institutional interest in Bitcoin as a treasury reserve asset.
The SEC's approval marks a significant milestone for Trump Media's digital asset ambitions, indicating a broader shift in corporate finance strategies.
