The U.S. Securities and Exchange Commission (SEC) has granted approval for Trump Media and Technology Group (TMTG) regarding its registration statement associated with a substantial $2.3 billion initiative focused on Bitcoin treasury holdings.
Key insights include:
- The SEC has sanctioned Trump Media’s registration for 85 million shares linked to the Bitcoin initiative.
- Despite achieving this regulatory flexibility, TMTG has indicated that it does not plan to issue new securities in the immediate future.
- CEO Devin Nunes has expressed the company’s goal to advance its business in media, financial technology, and Bitcoin concurrently.
This regulatory endorsement, disclosed in a filing dated June 13, represents a significant milestone for the organization behind the Truth Social platform, which was founded by former President Donald Trump and retains partial ownership by him.
The SEC’s effective declaration pertains to TMTG’s S-3 registration statement, which was originally submitted for review on June 6.
Trump Media Registers 85M Shares Tied to $2.3B Bitcoin Initiative: SEC
The registration document specifies the allocation of approximately 56 million shares along with an additional 29 million shares connected to convertible notes, all of which are part of broader equity and debt agreements involving roughly 50 investors.
The overall funding from these agreements totals $2.3 billion.
Though the registration includes a universal shelf that provides TMTG with increased flexibility for capital raises, the company has reiterated that it has “no immediate plans” to issue any new securities at this time.
This strategic decision appears to be in line with TMTG’s aspirations to diversify beyond its media-centric operations.
In remarks about the company’s trajectory, TMTG President and CEO Devin Nunes emphasized a multipronged growth approach.
“We’re aggressively implementing our plans to expand the Company, our offerings, and our capabilities,” Nunes stated.
“By simultaneously enhancing and growing our social media platform, TV streaming platform, and our fintech brand while establishing a Bitcoin treasury, we aim to continue rapidly transforming Trump Media into an indispensable company for the expanding customer base of the Patriot Economy.”
SEC APPROVES TRUMP MEDIA’S BITCOIN TREASURY DEAL pic.twitter.com/bybvEZ5TjS
— Kyle Chassé / DD (@kyle_chasse) June 13, 2025
Despite this positive regulatory development, TMTG shares experienced a decline of 2.06% on the day of the announcement, settling at $19.52.
TMTG Approves $2.5B Capital Strategy for Bitcoin Acquisition
This SEC endorsement arrives only weeks after TMTG disclosed its plan to raise $2.5 billion for Bitcoin purchases, following initial public denials regarding such intentions.
In a statement made on May 27, Nunes praised Bitcoin as “an apex instrument of financial freedom,” asserting its role as a fundamental component of the company’s asset base.
On May 28, Arkham Intelligence shared on X, “Donald Trump’s company, Trump Media, will buy $2.5 BILLION of Bitcoin. Is Trump about to go Saylor Mode?” referring to MicroStrategy’s chairman and his aggressive Bitcoin acquisition strategy.
The company’s ambitions do not end there; on June 5, TMTG submitted an application to launch its own Bitcoin exchange-traded fund (ETF), indicating a deeper commitment to digital assets.
The proposed ETF aims to custody Bitcoin and track its market performance closely.
Trump has publicly championed the expansion of cryptocurrency access, vowing to position the United States as a leading hub for digital asset innovation.
Earlier this month, he hosted a private dinner for investors involved in his personal meme coin endeavor at his golf club.
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