Trump Media & Technology Group's $2.3 billion Bitcoin reserve sign up statement has been recognized as effective by the SEC.

Odaily News Trump Media & Technology Group (TMTG) announced that its $2.3 billion Bitcoin treasury transaction-related S-3 sign up was officially announced as “effective” by the SEC on June 13. The transaction includes the resale of 56 million shares and related shares of 29 million Convertible Bonds, involving around 50 investors. TMTG regards Bitcoin as “the top tool for financial freedom” and plans to hold it as a core asset. Previously, TMTG also submitted a Spot Bitcoin ETF application to the SEC on June 5, intending to establish a trust fund primarily based on Bitcoin as its main asset. (Cointelegraph)

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