Trump Media Gets Green Light for $2.3B Bitcoin Deal, Moves Full Speed Ahead Into Crypto
Trump Media & Technology Group (TMTG), the company behind Donald Trump’s Truth Social platform, just scored a big win from the U.S. Securities and Exchange Commission (SEC).
The agency officially approved the firm’s registration statement tied to a massive $2.3 billion Bitcoin treasury plan — a move that signals TMTG is not just here to play politics, but also to play ball in the crypto big leagues.
According to a June 13 filing, the SEC gave the green light to TMTG’s S-3 registration statement, which the company filed just a week earlier on June 6. This type of registration is typically used to sell securities like stocks, convertible notes, and other types of debt. In this case, it lays out a plan that involves the resale of roughly 56 million shares and an additional 29 million linked to convertible notes — all part of agreements with about 50 investors that collectively bring in $2.3 billion.
We’re “Aggressively” Expanding, Says Trump Media CEO
TMTG President and CEO Devin Nunes isn’t mincing words about the company’s ambitions. In a statement, Nunes said TMTG is pushing ahead hard with its expansion plans, which include scaling up its media offerings and fintech brand — all while building out a Bitcoin treasury.
“By simultaneously enhancing and growing our social media platform, TV streaming platform, and our fintech brand while establishing a Bitcoin treasury,” Nunes said, “we aim to continue rapidly transforming Trump Media into an indispensable company for the expanding customer base of the Patriot Economy.”
While the SEC-approved registration gives TMTG more flexibility for future moves, the company has said it doesn’t currently plan to issue new securities under this filing. Still, the infrastructure is now in place.
A Bold Bitcoin Pivot
If all this sounds familiar, it’s because TMTG made headlines recently when it confirmed plans to raise $2.5 billion to buy Bitcoin, following earlier reports it had initially denied. On May 27, the company made it official — and Nunes declared that Bitcoin is now a key part of its long-term strategy.
“Trump Media views Bitcoin as an apex instrument of financial freedom,” Nunes said at the time, “and now it will be a crucial part of our assets.”
Even the crypto community took notice. Blockchain intel firm Arkham tweeted: “Donald Trump’s company, Trump Media, will buy $2.5 BILLION of Bitcoin. Is Trump about to go Saylor Mode?”
Next Stop: A Trump Bitcoin ETF?
And TMTG isn’t stopping at stacking sats. Just days before the SEC approved its registration statement, the company filed to launch a spot Bitcoin ETF. The proposed fund, as detailed in a June 5 filing, would aim to track the price of Bitcoin by holding the crypto asset in custody, mirroring the approach used by other major ETFs in the space.
This kind of financial product would be a major leap for Trump Media, positioning it in the heart of the institutional crypto conversation — an arena once dominated by Wall Street names like BlackRock and Fidelity.
Market Reacts With a Shrug — for Now
Despite the big announcement, TMTG’s stock price slipped slightly — down 2.06% to close at $19.52 on June 13, according to Google Finance. But that hasn’t dampened the company’s enthusiasm.
TMTG’s stock price fell 2.06% during the June 13 trading day (Source: Google Finance)
With a Bitcoin ETF in the pipeline, a $2.3 billion crypto war chest in motion, and the Trump campaign embracing Bitcoin on the political front, it’s clear TMTG is betting big on digital assets — and on reshaping the financial narrative of what it calls the “Patriot Economy.”
Whether the market catches on or not, one thing’s for sure: Trump Media’s crypto era is officially underway.
