U.S. SEC approves $2.3B private placement for Trump Media's Bitcoin treasury

Trump Media and Technology Group Corp., the parent company of Truth Social, announced in a press release on GlobeNewswire that its Form S-3 registration statement regarding a $2.3 billion private placement for its Bitcoin treasury has been approved and declared effective by the Securities and Exchange Commission (SEC). The filing is tied to recent debt and equity subscription agreements with around 50 investors, which brought in roughly $2.3 billion.