The SEC approved Trump's S-3 registration statement

ChainCatcher news, according to GlobeNewswire, Trump Media & Technology Group (DJT) announced that the previously submitted S-3 registration statement has been approved and is effective by the U.S. SEC. The statement involves a debt and equity financing agreement with approximately 50 investors, with a total fundraising amount of about $2.3 billion, making it one of the largest Bitcoin treasury transactions by a publicly traded company to date. The funds will be used to establish a Bitcoin treasury and for general corporate purposes, and to register 56 million shares of stock and 29 million convertible notes. The document also includes a universal shelf registration, providing flexibility for future capital operations.

Previously, Trump Media Group registered new securities of up to $12 billion in the new S-3 filing, which can be used to purchase Bitcoin.