Trump Media Secures SEC Approval, Set to Allocate USD 2.3 Billion into Bitcoin Reserves

Trump Media & Technology Group (TMTG), the media company owned by former U.S. President Donald Trump, has officially received the green light from the U.S. Securities and Exchange Commission (SEC) to execute its strategic plan to allocate USD 2.3 billion of investor funds into the company’s Bitcoin reserves.

The approval came following the SEC’s activation of TMTG’s Form S-3 registration, which allows the company to reissue approximately 56 million equity shares and 29 million shares linked to convertible debt as part of a new financing structure aimed at supporting Bitcoin integration into the corporate balance sheet. The funds were raised from around 50 investors through a combination of debt and equity instruments.

This move positions TMTG as one of the largest publicly traded companies to adopt Bitcoin as a primary strategic asset, alongside its cash and cash equivalents, which stood at USD 759 million at the end of Q1 2025.

New Strategy, New Direction

• Balance Sheet Diversification
  
  By integrating Bitcoin, TMTG joins a growing list of major corporations—such as MicroStrategy and GameStop—that have previously included crypto assets in their corporate reserves. This policy shift reflects a broader corporate acceptance of digital assets as hedging instruments and alternative financial tools.
   

• The “Patriot Economy” Vision
  
  TMTG CEO Devin Nunes stated that the move aligns with the company’s broader strategic mission to build a "Patriot Economy"—an ecosystem comprising the Truth Social media platform, Truth+ streaming services, and the Truth.Fi fintech suite. Bitcoin is seen as a key element in strengthening financial independence from conventional systems.

• A Favorable Regulatory Climate
  
  The SEC’s approval comes amid a more crypto-friendly regulatory environment, particularly under the leadership of Commissioner Paul Atkins, a well-known advocate of the digital asset industry. Recently, Atkins also dismissed several lawsuits against major crypto firms such as Coinbase and Kraken, signaling a more positive and supportive direction for future crypto regulations.