Trump media registers Bitcoin treasury transaction effective, says there are no financing plans at the moment

The Trump Media and Technology Group has announced that the US Securities and Exchange Commission (SEC) has officially put into effect its registration application for the Bitcoin "Treasury Deal". The company added that it currently has no plans to immediately raise funds for this purpose. The company stated that it has raised approximately $2.3 billion through a combination of debt and equity, with around 50 investors participating. According to its disclosure in May, this batch of Bitcoin will be included in the company's balance sheet along with existing cash and short-term investments (totaling approximately $759 million) by the end of the first quarter. Treasury trading "refers to enterprises using digital assets such as Bitcoin as part of their" treasury "fund allocation, replacing or supplementing traditional cash reserves. In recent years, several companies including GameStop and MicroStrategy have also adopted similar strategies in order to increase capital returns against the backdrop of a positive Bitcoin market.