Donald Trump’s Trump Media and Technology Group secured approval from the SEC this week. Trump Media and Technology Group filed for a registration statement last month to underpin its $2.3 billion purchase of Bitcoin. The United States Securities and Exchange Commission indicated the effectiveness of the registration on June 13, 2025.
Trump Media owns Truth Social, a Donald Trump-promoted platform, and shares partial ownership with him as well. The company’s June 6 registration had the intention of raising capital for the acquisition of Bitcoin, as stated in SEC filings. The plan to issue and sell securities under the Bitcoin treasury plan is made possible through the company’s June 6 registration.
The SEC filing verifies that Trump Media collected $2.3 billion in funding from debt and equity offerings with roughly 50 investors. The company listed roughly 56 million shares and 29 million shares that relate to convertible notes. The company will leverage this money to create a significant reserve of Bitcoin under its long-term asset strategy.
Trump media legally enters Bitcoin market
On May 27, Trump Media finalized the $2.5 billion capital raise after refuting previous news accounts of the deal. This announcement drew scrutiny from the financial and cryptocurrency sectors because the company suddenly forayed into the world of digital currencies. The SEC-approved press release now legally legitimates Trump Media’s foray into the ownership of Bitcoin.
Trump Media CEO Devin Nunes indicated that the firm has no short-term intention of issuing additional securities under the registration. Nonetheless, the registration gives future room for maneuvering if the firm pursues additional growth. Nunes indicated that the company is establishing an online presence on social media, streaming sites, and fintech markets.
In addition to the Bitcoin treasury, Trump Media also made a June 5 filing with the SEC for listing a Bitcoin ETF. The ETF would track the performance of Bitcoin through an exchange-traded trust that would be managed by a secure custodian. Trump Media’s stock ended June 5 at $19.52, down 2.06% from the previous price.
The company’s quick move into cryptocurrencies reflects the intention of reshaping the firm’s financial infrastructure with the use of cryptocurrencies.
