- Trump Media received SEC approval to use its $2.3B capital to buy Bitcoin and expand its media, streaming, and fintech arms, though the timeline remains undisclosed.
- The company registered 56M shares for resale and set up a US$12B universal shelf for future securities, but has no immediate plans to activate it.
- The firm also seeks to launch a Bitcoin ETF, though that market is heavily dominated by market leaders like BlackRock.
Trump Media & Technology Group has secured regulatory clearance from the SEC to invest over US$2.3B (AU$3.5B) in capital following the approval of its registration statement. This enables immediate BTC purchases.
The firm declined to disclose how much Bitcoin it intends to acquire or when, stating in its filing that acquisitions will follow an internal timeline deemed “optimal”.
Related: US–China Tariffs Shake Markets as Australian Analysts Weigh In on “Handshake Agreement”
The filing also registers 56 million shares for resale, along with 29 million linked to convertible notes issued as part of the firm’s financing structure. The statement includes a universal shelf to issue up to US$12B (AU$18.5B) in securities, but the company outlined that there are no immediate plans to use it.
Moreover, CEO Devin Nunes described the firm’s direction as an “aggressive” expansion across its media and fintech arms.
We’re aggressively implementing our plans to expand the Company, our offerings, and our capabilities. By simultaneously enhancing and growing our social media platform, TV streaming platform, and our FinTech brand while establishing a Bitcoin treasury, we aim to continue rapidly transforming Trump Media into an indispensable company for the expanding customer base of the Patriot Economy.
Devin Nunes, Trump Media’s CEO and PresidentTrump Media operates the Truth Social platform, a streaming service under the Truth+ brand, and launched its crypto-aligned fintech venture Truth.fi in early 2025. The news comes a few weeks after the company officially confirmed the capital raise to acquire BTC.
As Crypto News Australia reported, Trump Media also filed to list a Bitcoin exchange-traded fund on the New York Stock Exchange, competing against 11 other BTC ETFs, and a market mostly dominated by BlackRock’s IBIT.
Related: GameStop Taps US$1.75B Zero-Coupon Convertible Notes to Fuel Bitcoin and Digital Asset Push
The Bitcoin price is currently trading at US$105.5K (AU$161K), which is practically no change in the last couple of days, mostly due to geopolitical tensions and the uncertainty surrounding the commercial trade dispute between China and the US.
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