Summary
- Trump Media announced that it received approval from the U.S. Securities and Exchange Commission (SEC) for the amended securities registration statement (S-3) regarding its Bitcoin treasury strategy.
- With this approval, Trump Media stated it can now officially hold Bitcoin as a Treasury Asset.
- Management said they are seeking to strengthen social media, streaming TV, and fintech brands through establishing a Bitcoin treasury strategy.
The U.S. Securities and Exchange Commission (SEC) announced that Trump Media received approval for an amended securities registration statement (S-3) related to its Bitcoin treasury strategy.
According to Reuters on the 14th (local time), Trump Media stated the previous day that it had received S-3 approval from the SEC for its Bitcoin treasury strategy. As a result, the company can now formally implement its plan to hold Bitcoin as a Treasury Asset.
Regarding this, Devin Nunes, CEO of Trump Media, said, "By strengthening our social media platform, streaming TV, and fintech brand, and establishing a Bitcoin treasury strategy, I will grow Trump Media into a core company of the Patriot Economy."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
