The SEC approved the Bitcoin reserve application of Trump's Media Technology Group, with a total fundraising amount of approximately $2.3 billion.

On June 14, according to GlobeNewswire, Trump Media Technology Group (DJT) announced that the previously filed Form S-3 registration statement has been approved by the SEC in the United States. The announcement relates to the company's debt and equity financing agreements with about 50 investors, raising a total of approximately $2.3 billion, making it one of the largest Bitcoin treasury transactions ever made by a publicly traded company. The funds will be used to build a Bitcoin vault and for general corporate purposes, as well as to register 56 million shares of shares and 29 million shares of convertible notes. The document also contains a universal shelf registration to provide flexibility for subsequent capital operations. According to previous reports, Trump Media Group has registered new securities in the new S-3 filing with a maximum of $12 billion, which can be used to purchase Bitcoin.

Previously, the Trump Media & Technology Group registered new securities in the new S-3 filing for up to $12 billion, which can be used to purchase Bitcoin.