Catenaa, Tuesday, June 17, 2025-The US Securities and Exchange Commission (SEC) has approved a $2.3 billion Bitcoin-linked registration filed by Trump Media and Technology Group, signaling a major advance in the company’s plan to build a corporate crypto treasury.
The SEC greenlit the firm’s S-3 registration statement on June 13, allowing for the potential issuance of roughly 85 million shares, 56 million of which are common stock and 29 million tied to convertible notes.
The company, founded by President Donald Trump and led by CEO Devin Nunes, clarified that it has no immediate plans to issue new securities despite the approval.
The registration gives TMTG flexibility to raise capital, with the declared intention of expanding beyond media into fintech and Bitcoin holdings.
Nunes said the firm aims to grow its social media, TV streaming, and crypto portfolio in parallel, describing the expansion as key to the “Patriot Economy.”
This latest regulatory milestone follows TMTG’s confirmation in May of a $2.5 billion capital raise to acquire Bitcoin, marking a bold pivot toward digital assets.
Nunes previously called Bitcoin an “apex instrument of financial freedom,” echoing the strategy pioneered by Strategy and Michael Saylor.
Despite the news, TMTG shares fell 2.06% Friday, closing at $19.52.
On June 5, the company also filed to launch its own Bitcoin ETF, further underscoring its ambitions in the digital currency space.
President Trump has recently backed greater crypto adoption, vowing to position the U.S. as a global leader in digital finance.
