Approval Secured by Trump Media for $2.3 Billion Stock Transaction Tied to Bitcoin
The Trump Media & Technology Group (TMTG) has taken a significant step in its Bitcoin strategy, despite the U.S. Securities and Exchange Commission (SEC) yet to approve its Bitcoin treasury-related exchange-traded fund (ETF) plan.
In a recent development, TMTG has purchased around $2 billion worth of Bitcoin and related securities, marking the implementation of its treasury plan independently of the ETF approval. This move comes after the SEC delayed its decision on the Truth Social Bitcoin ETF, linked to Trump Media, until September 18, 2025 [1].
The SEC's delay reflects an ongoing regulatory review covering technical and risk-management aspects of crypto ETFs under new Chair Paul Atkins [1]. Meanwhile, TMTG continues to pursue its Bitcoin treasury plan, with Bitcoin making up about two-thirds of its reported $3 billion in liquid assets [2][3].
In other news, the SEC has declared effective TMTG's S-3 registration statement, which covers around 56 million shares and another 29 million shares connected to convertible notes [4]. This universal shelf registration provides TMTG with the flexibility to raise capital in the future, although the company has "no immediate plans" to issue new securities at present.
TMTG's President and CEO, Devin Nunes, has stated that the company is aggressively implementing plans to expand beyond its current media operations. The aim is to continue rapidly transforming into an indispensable company for the expanding customer base of the Patriot Economy [5].
The combined equity and debt deals are expected to generate approximately $2.3 billion in proceeds for TMTG, a significant boost for the company's growth plans. Despite the ongoing regulatory review, TMTG remains committed to its Bitcoin strategy, demonstrating a proactive approach in the rapidly evolving digital asset space.
[1] SEC Delays Decision on Truth Social Bitcoin ETF until September 18, 2025, citing need for more time to consider proposed rule change and related issues such as staking and redemption mechanics under new Chair Paul Atkins. [2] As of late July 2025, Trump Media holds about $2 billion in Bitcoin and Bitcoin-related securities, which is about two-thirds of its reported $3 billion in liquid assets. [3] TMTG raised $2.5 billion earlier in the year to fund this acquisition strategy and plans to allocate additional funds for bitcoin-linked equity options. [4] SEC declares effective TMTG's S-3 registration statement, covering around 56 million shares and another 29 million shares connected to convertible notes. [5] TMTG aims to continue rapidly transforming into an indispensable company for the expanding customer base of the Patriot Economy.
The Trump Media & Technology Group (TMTG) has purchased around $2 billion worth of Bitcoin and related securities, marking the implementation of its Bitcoin treasury plan independent of SEC's ETF approval. This move is part of TMTG's proactive approach in the rapidly evolving digital asset space, as they continue to pursue their Bitcoin strategy. The company's President and CEO, Devin Nunes, has stated that TMTG is aggressively implementing plans to expand beyond its current media operations, with an aim to transform into an indispensable company for the expanding customer base of the Patriot Economy. This transformation strategy includes the use of technology in its business model, potentially incorporating tokenized financial systems for its operations.
