Trump’s Truth Social Secures SEC Approval for Game-Changing $2.3B Bitcoin Treasury Move
Truth Social just pulled off a regulatory coup—the SEC greenlit its $2.3 billion Bitcoin treasury play. Here’s why it matters.
The Bitcoin Backstop
No more begging Wall Street for spare change. Trump’s platform now holds enough crypto to make a hedge fund blush—$2.3 billion worth of digital cold storage.
Regulators Blink First
The SEC folded faster than a meme stock. After months of scrutiny, they’re letting Truth Social run its crypto experiment—proving even bureaucrats can’t ignore Bitcoin’s gravitational pull.
Cynical Take
Because nothing says ''financial innovation'' like a social media company moonlighting as a Bitcoin ETF. At least the volatility will match the content.
Trump Media Registers 85M Shares Linked to $2.3B Bitcoin Deal: SEC
The document outlines the registration of roughly 56 million shares and an additional 29 million shares tied to convertible notes, forming part of the firm’s broader equity and debt agreements with approximately 50 investors.
The total proceeds from these arrangements amount to $2.3 billion.
Although the registration includes a universal shelf to allow TMTG greater capital-raising flexibility, the company said it has “no immediate plans” to issue new securities under the provision.
The MOVE appears more strategic than urgent, aligning with TMTG’s stated ambition to evolve beyond its media roots.
TMTG President and CEO Devin Nunes said the company is now pushing forward on multiple fronts.
“We’re aggressively implementing our plans to expand the Company, our offerings, and our capabilities,” Nunes said.
“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.”
SEC APPROVES TRUMP MEDIA’S BITCOIN TREASURY DEAL pic.twitter.com/bybvEZ5TjS
Despite the regulatory win, TMTG shares dropped 2.06% on the day of the announcement, closing at $19.52.
TMTG Confirms $2.5B Capital Raise to Buy Bitcoin
The SEC’s green light comes just weeks after TMTG confirmed a $2.5 billion capital raise to accumulate Bitcoin, following earlier denials.
In that May 27 announcement, Nunes characterized Bitcoin as “an apex instrument of financial freedom,” asserting that it WOULD become a core part of the company’s asset base.
On May 28, Arkham Intelligence posted on X, “Donald Trump’s company, Trump Media, will buy $2.5 BILLION of Bitcoin. Is Trump about to go Saylor Mode?” — referencing MicroStrategy’s executive chairman and his aggressive Bitcoin strategy.
TMTG isn’t stopping there. On June 5, the company filed for approval to launch its own Bitcoin exchange-traded fund (ETF), signaling even deeper ambitions in digital assets.
According to the filing, the ETF would hold Bitcoin in custody and aim to mirror its market performance.
Trump has publicly supported the expansion of crypto access and has pledged to make the United States a leading center for digital assets.
Earlier this month, he hosted a private dinner for investors in his personal meme coin project at his golf club.
