SEC Nod for Trump Media BTC Treasury Clears Way for $2.3B Raise

Trump Media secured SEC approval to raise $2.3 billion and hold bitcoin on its balance sheet, joining the ranks of crypto-heavy public firms.

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Posted June 16, 2025 at 9:56 am EST.

Trump Media & Technology Group’s registration for its bitcoin treasury deal was officially declared effective by the U.S. Securities and Exchange Commission on Friday.

The company can now proceed with its plan to add bitcoin to its balance sheet as part of a $2.3 billion capital raise was secured through the resale of approximately 56 million equity shares and 29 million shares underlying convertible notes to about 50 investors.

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Trump Media’s CEO, former member of Congress Devin Nunes, emphasized the company’s aggressive expansion plans, while establishing a Bitcoin treasury as a core part of its assets. The company’s Bitcoin holdings will be managed by Crypto.com and Anchorage Digital.

The move makes Trump Media among the biggest publicly listed holders of Bitcoin and reflects a broader trend of corporations incorporating cryptocurrency into their treasury strategies.