The United States Securities and Exchange Commission (SEC) declared the Form S-3 registration statement by Trump Media and Technology Group Corp. (NASDAQ: DJT) effective on Friday, June 13, 2025. As a result, the Donald Trump-backed company has the agency’s greenlight to implement a Bitcoin (BTC) treasury plan.
“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 President, noted
The adoption of Bitcoin by the Trump-backed company is a top gesture that the United States will continue to support the cryptocurrency industry in the long haul. The SEC and the Congress have been working towards ensuring a clear crypto regulatory landscape is implemented in the shortest time possible.
As a result, more institutional investors will follow in the same direction of adopting Bitcoin to hedge against high inflation. At the time of this writing, data from BitcoinTreasuries suggest that 235 institutional investors currently hold over 3.4 million BTCs in their respective treasury accounts.
The ultimate impact of the rising demand for Bitcoin is a further stress on the supply vs demand shock, which has fueled the BTC rally in the past year. From a technical analysis standpoint, BTC price will experience a parabolic rally before the end of this year catalyzed by institutional investors and clear regulatory frameworks.
Crypto markets used to move four-year cycles, driven by Bitcoin halving, interest rates, and major…
On Friday, the Vietnamese government launched a national blockchain platform, NDAChain, to protect information across…
Hedera has grabbed the spotlight in the crypto market, with a surge of over 12%…
Recently, Florida-based Wellgistics Health, Inc, a pharmaceutical distribution and healthcare company filed with the U.S.…
Last night witnessed a remarkable 20% surge in Mutuum Finance (MUTM), a promising decentralized finance…
In the fast moving crypto world, a few projects manage to turn small investments into…
