TMTG's $2.3 Billion Bitcoin Vault Deal Gains SEC Approval

According to Odaily, Trump Media & Technology Group (TMTG) has announced that its $2.3 billion Bitcoin vault transaction's S-3 registration statement was officially declared "effective" by the U.S. Securities and Exchange Commission (SEC) on June 13. This transaction involves the resale of 56 million shares and 29 million shares related to convertible bonds, involving approximately 50 investors. TMTG regards Bitcoin as a "premier tool for financial freedom" and plans to hold it as a core asset. Previously, on June 5, TMTG submitted a spot Bitcoin ETF application to the SEC, intending to establish a trust fund with Bitcoin as the primary asset.