SEC Gives Thumbs Up to Trump Media's $2.3 Billion Bitcoin Investment Plan

SEC Gives Green Light to Trump Media’s $2.3 Billion Bitcoin Strategy in Push for Crypto Media Empire So, Trump Media & Technology Group (TMTG), the folks behind Truth Social, just got a nod from the SEC for their bold $2.3 billion plan to raise capital through shares and convertible notes. This approval came in a filing from June 13, which means they can officially move ahead with deals that might really change their financial game and ramp up their Bitcoin engagement. They’ve got the SEC to back them on 85 million shares as part of this big equity and debt move, with the S-3 registration statement now effective. That covers 56 million shares and 29 million more tied to convertible notes.