Michaela
Trump Media & Technology Group (TMTG), the company behind President Donald Trump’s Truth Social, has cleared a major regulatory hurdle as its $2.3 billion Bitcoin treasury plan received approval from the U.S. Securities and Exchange Commission (SEC).
A filing dated June 13 confirmed that the SEC declared effective TMTG’s S-3 registration statement, originally submitted on June 6. According to the filing, Trump Media’s registration covers around 56 million shares, along with another 29 million shares connected to convertible notes. These shares are part of the company’s larger equity and debt arrangements involving about 50 investors.
The combined equity and debt deals are expected to generate approximately $2.3 billion in proceeds for TMTG.
While the filing grants Trump Media & Technology Group the flexibility to raise capital through a universal shelf registration, the company stated it has “no immediate plans” to issue new securities. The move seems to be a long-term strategic play, reflecting TMTG’s broader goal of expanding beyond its current media operations.
“We’re aggressively implementing our plans to expand the Company, our offerings, and our capabilities,” TMTG President and CEO Devin 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,” he added.
In late May, Trump Media & Technology Group dismissed reports claiming it planned to raise $3 billion via equity and convertible bonds for investments in Bitcoin and other cryptocurrencies.
TMTG issued a strongly worded rebuttal to the report, accusing the outlet of using unreliable sources and criticizing its journalists as “dumb writers” echoing misinformation from “even dumber sources.”
The report claimed Trump Media was planning to secure $2 billion through equity sales and another $1 billion via convertible bonds, with the equity portion reportedly priced in relation to the firm’s market capitalization as of the May 23 market close.
The company’s next moves will likely be watched closely by investors and regulators alike, as speculation continues to swirl around its evolving financial strategy and broader ambitions in the digital economy.
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Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
