Trump Media & Technology Group's $2.3 billion Bitcoin Reserve Registration Statement Validated by SEC

Planet News: Trump Media & Technology Group (TMTG) announced that its S-3 registration statement related to the $2.3 billion Bitcoin treasury transaction was officially declared "effective" by the US SEC on June 13. The transaction includes the resale of 56 million shares and share-related convertible bonds for approximately 50 investors. TMTG views 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 with Bitcoin as its primary asset. (Cointelegraph)