The U.S. Securities and Exchange Commission (SEC) approved Trump Media’s Bitcoin treasury registration on June 13. The regulator declared effective the S-3 registration form filed by Trump Media and Technology Group (TMTG) on June 6. This clears the way for Trump Media to move forward with its $2.3 billion Bitcoin plan.
TMTG, which owns Truth Social and is partially owned by Donald Trump, registered 56 million shares and 29 million shares linked to convertible notes. These came from debt and equity agreements with 50 investors, enabling the Trump Media capital raise to reach $2.3 billion.
Although the S-3 filing includes a universal shelf registration, Trump Media confirmed there are no immediate plans to issue new securities under it.
Trump Media CEO Confirms Bitcoin Is Part of Strategy
TMTG CEO Devin Nunes stated the firm is expanding across sectors. In the official filing, he said:
“We’re aggressively implementing our plans to expand the Company, our offerings, and our capabilities.”
He emphasized that Trump Media is growing its Truth Social platform, fintech division, and TV streaming service while holding Bitcoin in its treasury. Nunes also said the company aims to meet the needs of what he called the “Patriot Economy.”
Trump Media stock fell 2.06% on the day the SEC approved the registration, closing at $19.52, based on Google Finance.
Trump Media Capital Raise and Treasury Plan
The Trump crypto treasury news follows TMTG’s confirmation on May 27 that it completed a $2.5 billion capital raise. That money is intended for Bitcoin purchases. This came after initial reports of the deal, which TMTG had denied before officially confirming.
At that time, Nunes said:
“Trump Media will hold cryptocurrency as a crucial part of our assets.”
On May 28, blockchain research firm Arkham wrote on X:
“Donald Trump’s company, Trump Media, will buy $2.5 BILLION of Bitcoin. Is Trump about to go Saylor Mode?”
The post referred to MicroStrategy’s Michael Saylor, who is known for using his company’s funds to accumulate Bitcoin.
The Trump Media Bitcoin strategy places cryptocurrency directly on the balance sheet, positioning the company alongside others with similar treasury approaches.
Trump Bitcoin ETF Filing Follows Treasury Approval
On June 5, Trump Media submitted a filing to the SEC to launch a Trump Bitcoin ETF. The company said the trust would hold Bitcoin in custody and track its market price.
From the SEC filing:
“The assets of the Trust consist primarily of Bitcoin held by a custodian on behalf of the Trust. The Trust seeks to reflect generally the performance of the price of Bitcoin.”
If approved, the Trump Bitcoin ETF would join a growing list of spot Bitcoin ETFs in the U.S. market. The trust’s structure mirrors other filings that hold crypto directly rather than using derivatives.
