Trump Media Gains SEC Approval for $2.3B Bitcoin Treasury Plan

• The SEC approved Trump Media’s S-3 registration covering 85 million shares linked to a $2.3B Bitcoin treasury plan.
• Trump Media confirmed a $2.5B Bitcoin acquisition and filed to launch a Bitcoin ETF holding physical BTC.
• Despite regulatory progress, TMTG shares fell 2.06%, with no immediate plans to issue new securities.

The U.S. Securities and Exchange Commission approved Trump Media and Technology Group’s registration statement tied to a $2.3 billion Bitcoin treasury deal. The move marks a key regulatory milestone for the company behind Truth Social, a platform linked to former President Donald Trump. The approval covers 85 million shares connected to equity and debt arrangements with around 50 investors. According to the filing, the S-3 registration was initially submitted on June 6 and declared effective on June 13.

Registration Covers Equity and Convertible Note Agreements

The registration includes 56 million shares and 29 million tied to convertible notes. Trump Media confirmed the deals will raise $2.3 billion in capital. The S-3 statement also includes a universal shelf provision. This option gives the firm flexibility to raise capital quickly in the future. However, the company clarified it has no immediate plans to issue new securities under the shelf.

Despite the approval, Trump Media shares dropped 2.06% on the day, closing at $19.52. The drop followed what the company described as a strategic filing, not a fundraising effort. The firm intends to use the flexibility to support its push into media, fintech, and digital assets.

Company Confirms Bitcoin Treasury and ETF Ambitions

In a separate announcement on May 27, the company confirmed a $2.5 billion capital raise to acquire Bitcoin. This announcement followed earlier reports the firm planned to adopt Bitcoin as a treasury asset. On May 28, blockchain tracking platform Arkham Intelligence posted that Trump Media was preparing to buy $2.5 billion worth of Bitcoin.

The firm’s CEO, Devin Nunes, said the company will build out its social media and fintech units while accumulating Bitcoin. According to Nunes, this expansion aligns with plans to serve what the company describes as the Patriot Economy. He stated that efforts are underway across streaming, social, and financial platforms.On June 5, Trump Media filed to launch a Bitcoin exchange-traded fund. The company disclosed plans for the ETF to hold physical Bitcoin and mirror its price movement. 

The filing indicates a deeper commitment to Bitcoin as part of its long-term business strategy. Earlier in June, Trump hosted a private investor dinner for his meme coin initiative. The event took place at his golf club and included supporters of his crypto ventures. Meanwhile, Trump Media’s latest SEC approval confirms the firm’s ongoing push to integrate Bitcoin into its operations. The moves follow a series of filings and public disclosures between late May and mid-June.