Trump Media & Technology Group (TMTG) Receives SEC Approval for $2.3 Billion Capital Raise
Trump Media & Technology Group (TMTG), the company behind Truth Social, has received SEC approval for a $2.3 billion capital raise aimed at building a corporate Bitcoin treasury. The green light came just days after the firm filed its S-3 registration on June 6, allowing the resale of around 85 million shares tied to equity and convertible notes.
CEO Devin Nunes said the move is part of an aggressive strategy to position TMTG as a key player in the so-called “Patriot Economy.” Bitcoin will now be held alongside cash reserves, with Crypto.com and Anchorage Digital handling custody. The company also has broader crypto ambitions, including plans for a Truth Social Bitcoin ETF and potential BTC-based subscription services and utility tokens for Truth Social and its upcoming streaming platform, Truth+.
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Liquidity, Not Headlines, Keeps Bitcoin Pointed Higher, Says Raoul Pal. Notably, Don Wilson of DRW Investments invested $100 million in the deal, acquiring 3.8 million shares. The investment has raised eyebrows given Wilson’s firm, Cumberland, recently had an SEC lawsuit dropped—fueling speculation of regulatory favoritism under the current Trump administration.
With this latest move, TMTG joins the shortlist of public companies integrating Bitcoin into both their balance sheet and broader business model.
About Alexander Stefanov
With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.
