The Trump Media and Technology Group (TMTG), which owns US President Donald Trump’s truthful social platform and partially owned by the president, has been approved by the US Securities and Exchange Commission (SEC) for its registration statement, which has been approved by $ 2.3 billion.
According to the June 13 SEC filing, the agency “declared effective” TMTG’s S-3 registration statement-which was filed on June 6 for the-Butt Coin (BTC) Treasury Deal. The S-3 is a form that US companies use to register various securities, such as stocks, options and different types of loans. TMTG filed a similar final with the SEC on the same day.
The CEO of Trump Media says the firm is spreading “aggressively”
The SEC filing states that, as part of its Bitcoin Treasury Plan, TMTG sales about 56 56 million shares and linked about 29 million more people with about 50 50 investors as part of the loan and equity contracts, which exported $ 2.3 billion.
Although the registration statement includes a universal shelf to give TMTG “maximum flexibility” for future growth projects, the company currently has no “immediate plan” to issue any securities under it.
“We are aggressively implementing our company, our offerings and our plans to enhance our capabilities,” said Dwayne Nons, CEO and President of Trump Media. Nons added:
“At the same time, our social media platform, TV streaming platform, and enhancing and enhancing our fantasy brand, while establishing the Bitcoin Treasury, our aim is to continue to change Trump media into an indispensable company for the Patriot economy’s expansion customer base.”
According to Google Finance Data, on the same day, the price of TMTG stocks decreased by 2.06 %, which closes the commercial day at 19.52.
The company did this weeks after confirming the increase in the $ 2.5 billion capital to buy BitCoin on May 27, following the previous reports of the deal.
At the moment, Nons said that TMTG “views BitCoin as a top tool for financial freedom, and now Trump Media will hold cryptocurrency as an important part of our assets.”
TMTG recently filed to launch a Spot BitCoin ETF
“Donald Trump’s company, Trump Media, BitCoin will buy $ 2.5 billion from Donald Trump’s company, Trump Media, Bitcoin, a blockchain analyst company.
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Meanwhile, on June 5, TMTG filed the SEC with the SEC to launch the Bitcoin Exchange Traded Fund (ETF).
“Trust’s assets are mainly consisting of bitcoin by a Mutali from the trust, TMTG said in filing on June 5. The trust usually wants to reflect the performance of bitcoin price.”
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