Trump Media’s registration for its bitcoin treasury deal has become effective. On Friday, Trump Media and Technology Group announced that the U.S. Securities and Exchange Commission (SEC) declared effective the registration related to the company’s bitcoin treasury transaction.
The company reported raising approximately $2.3 billion through a combination of debt and equity agreements, involving about 50 investors.
In May, Trump Media stated that the bitcoin acquired will be held on its balance sheet alongside existing cash and short-term investments, which totaled $759 million at the end of Q1.
Trump Media and Technology Group Corp. revealed that its Form S-3 registration statement has been declared effective by the SEC. This registration covers the resale of around 56 million equity shares and 29 million shares underlying convertible notes, all stemming from prior debt and equity agreements that raised $2.3 billion—marking one of the largest Bitcoin treasury deals for a public company.
The registration also includes a universal shelf provision designed to support future growth initiatives, though no immediate securities issuance is planned.
CEO Devin Nunes highlighted the company’s aggressive growth strategy, focusing on expanding its social media platform Truth Social, streaming service Truth+, and FinTech brand Truth.Fi, while building a Bitcoin treasury position to serve the Patriot Economy customer base.
In accordance with the Company’s obligations arising from the previously-disclosed debt and equity agreements with approximately fifty investors that yielded approximately $2.3 billion in total proceeds-one of the largest Bitcoin treasury deals for a public company-the Registration Statement registers for resale by the investors the approximately 56 million shares of equity and 29 million shares underlying convertible notes.
Furthermore, as previously announced, the Registration Statement includes a universal shelf intended to provide the Company with greater flexibility to pursue a wide variety of initiatives related to its growth strategy. The Company has no immediate plans to issue any securities under the shelf registration statement.
Trump Media’s CEO and President Devin Nunes said, “We’re aggressively implementing our plans to expand the Company, our offerings, and our capabilities. By simultaneously enhancing and growing our social media platform, TV streaming platform, and our FinTech brand while establishing a Bitcoin treasury, we aim to continue rapidly transforming Trump Media into an indispensable company for the expanding customer base of the Patriot Economy.”
Several companies, including video game retailer GameStop and Strategy, have added bitcoin and other cryptocurrencies to their balance sheets to capitalize on rising token prices, especially as the Trump administration embraces digital assets.
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