President Trump’s media company has received Green Light from the US Securities and Exchange Commission (SEC) to invest its Treasury Holdings in Bitcoin (BTC).
In one press releaseTrump Media says that the earlier registration application at the SEC on 13 June was declared effectively by the regulator, so that the company can continue with a prospectus.
Trump Media has previously submitted to the SEC to accept a Bitcoin Treasury because it regards BTC as an ‘Apex instrument of financial freedom’.
Devin Nunes, CEO and President of Trump Media, said that investing in BTC would help defend our company against intimidation and discrimination by financial institutions, which bully many Americans and American companies. “
A BTC Treasury would also be useful for subscription payments, a utility firing and other planned transactions in the company’s subsidiaries – Truth Social and Truth+ – according to Nunes.
Says nunes,
“We are aggressively implementing our plans to expand the company, our offers and our possibilities. By simultaneously improving and growing our social media platform, TV streaming platform and our fintech brand, while we set up a Bitcoin treasure box, we want to quickly continue Trump Media for the Patriver’s customer basis.”
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