Trump Media & Technology Group Corp. (TMTG), a company belonging to President Donald Trump, has obtained the approval of the United States Stock Exchange and Securities Commission (SEC) to issue values that will finance, among other initiatives, the creation of a Bitcoin (BTC) treasury.
The company announced that its statement of registration in form S-3 has been declared effective by the SEC, which allows TMTG to proceed with the issuance of common actions and convertible debt to raise funds. These funds, which amount to approximately USD 2.3 billion, come from agreements with around 50 institutional investors and They will be partially allocated to establish a Bitcoin treasury, In addition to other corporate purposes.
Specifically, TMTG has sold 55.86 million shares common to USD 25.72 each and USD 1 billion in convertible bonds with a conversion price of USD 34.72 per share. These financial instruments, now registered and approved by the SEC, will allow the company to advance its strategy of integrating Bitcoin as a key asset in its balance.
This movement positions TMTG as another notable public entity that BTC incorporates into its financial strategy, feeding the growing trend of companies that have recognized the potential of the digital asset as a reserve of value and part of a modern financial infrastructure. Devin Nunes, Trump Media & Technology Group Corp. CEO said:
“We are vehementing our plans to expand the company, our offers, our capabilities. Through the improvement and simultaneous expansion of our social media platforms, television transmission and our Fintech brand establishing a Bitcoin treasury, we aim to continue transforming quickly to Trump Media into an indispensable company for the growing client base of the patriot economy.”
Devin Nunes, Trump Media & Technology Group Corp CEO
The inclusion of Bitcoin in the treasury of a company linked to a high -profile political figure such as Donald Trump is a significant indicator of The growing acceptance and legitimacy of BTC in the corporate and political panorama. This can not only generate greater interest and confidence in the cryptocurrency market, but also sit a precedent for other corporations that seek to diversify their reserves and capitalize on the Bitcoin value proposal.
While the statement Registration offers flexibility for the future growth of the company without immediate plans for the issuance of additional values, the confirmation of the strategy with BTC is a testimony of the changing panorama of corporate finances. This step emphasizes how the Digital Currency of Satoshi Nakamoto is transcending its initial status to become a strategic asset considered by companies from various sectors.
In this sense, Michael Saylor, executive president of Strategy and a pioneer in the Bitcoin Treasury strategy at the institutional level, said in a recent interview that the support of former president Trump and his cabinet towards Bitcoin is evidence that the currency will continue to rise “heading to the million dollars.”
