Catenaa, Monday, June 16, 2028-Trump Media and Technology Group received regulatory clearance from the US Securities and Exchange Commission on Friday, paving the way for a possible multibillion-dollar Bitcoin purchase backed by $2.3 billion in newly unlocked capital.
The approval clears the firm’s registration to proceed with its Bitcoin treasury plan.
Trump Media, majority-owned by President Donald Trump, said the capital raised from about 50 institutional investors may be used to acquire Bitcoin at the firm’s discretion. No specific timeline or purchase amount was disclosed.
The updated prospectus allows the company to raise up to $12 billion more via a universal shelf offering that includes stock, debt, or warrants, though no immediate issuance is planned.
The filing also registered 84.7 million shares for resale by early investors, accounting for nearly half the public float and 30% of total shares outstanding.
Trump Media operates the Truth Social platform, the Truth+ streaming service, and Truth.fi, a crypto-focused fintech venture launched earlier this year.
The firm trades on the Nasdaq under the ticker DJT.
The company’s filing noted that Bitcoin-related securities, as well as potential divestments and reinvestments into cash-equivalent assets, could also be part of its broader crypto strategy.
With the SEC clearance, Trump Media joins a growing roster of public companies turning to Bitcoin as a treasury asset, signaling a political and financial shift in the digital currency’s adoption at the highest levels of influence.
