Evolution journalist
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Evolution journalist
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Involve
The Registration Committee for the Information and Technology Group (TMTG), affiliated with the US Securities Committee (SEC), approved the Bitcoin Treasury initiative of $ 2.3 billion.
Main meals:
- SEC has approved the registration associated with Trump Media worth $ 2.3 billion, which covers 85 million shares.
- TMTG says it does not have immediate plans to issue new securities despite the acquisition of the flexibility of the shelf.
- The CEO Devin Nunes says that the company aims to develop the media and technology and Bitcoin Holdings in parallel.
Resolution, It was revealed in the June 13 fileIt is a major organizational step for the company behind Truth Social, the platform founded by President Donald Trump and partly owned by him.
According to the deposit, the Supreme Education Council announced a TMTG registration statement, which was initially submitted on June 6.
The document determines the registration of approximately 56 million shares and 29 million additional shares linked to the transferable observations, which is part of the company’s broader and debt agreements with approximately 50 investors.
Total revenues of these arrangements reaches $ 2.3 billion.
Although registration includes a global shelf to allow TMTG with more flexibility in collecting capital, the company said it “does not have immediate plans” to issue new securities under this ruling.
This step seems more strategic than urgent, which is in line with the declared TMTG ambition to develop beyond its media roots.
TMTG and CEO of Devin Nunes said the company is now pushing forward on multiple fronts.
“We are implementing our plans strongly to expand the company, our offers and our capabilities,” Nunais said.
“By strengthening and developing our social media platform, television broadcasting platform, and our Fintech brand with the creation of the Bitcoin wardrobe, we aim to continue to quickly convert the media to the media to an indispensable company for the dilated customer base in the national economy.”
Despite the regulatory victory, TMTG shares decreased by 2.06 % on the day of advertising, closed by $ 19.52.
TMTG confirms the capital increase of $ 2.5 billion to buy bitcoin
The green light comes from SEC just weeks after TMTG’s confirmation of the $ 2.5 billion capital of the bitcoin accumulation, after the previous rejection.
In this announcement on May 27, Nunes Bitcoin described it as a “financial freedom summit tool”, confirming that it will become an essential part of the company’s asset base.
On May 28, Arkham Intelligence posted on X, “Donald Trump, Trump Media, you will buy $ 2.5 billion from Bitcoin. Is Trump about to go to Saylor Mode?” – Refer to the CEO of Microstrategy and its aggressive strategy.
TMTG does not stop there. On June 5, the company submitted approval to launch its Bitcoin exchange fund (ETF), indicating deeper ambitions in digital assets.
According to the deposit, the ETF will keep Bitcoin in reservation and aims to reverse the market performance.
Trump publicly supported expansion of access to encryption and pledged to make the United States a pioneering center for digital assets.
Earlier this month, he hosted a special dinner for investors in the MEME COIN personal project in his golf club.
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2025-06-14 09:19:00
