#Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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The SEC approved the Bitcoin reserve application of Trump's Media Technology Group, with a total fundraising amount of approximately $2.3 billion.
On June 14, according to GlobeNewswire, Trump Media Technology Group (DJT) announced that the previously filed Form S-3 registration statement has been approved by the SEC in the United States. The announcement relates to the company's debt and equity financing agreements with about 50 investors, raising a total of approximately $2.3 billion, making it one of the largest Bitcoin treasury transactions ever made by a publicly traded company. The funds will be used to build a Bitcoin vault and for general corporate purposes, as well as to register 56 million shares of shares and 29 million shares of convertible notes. The document also contains a universal shelf registration to provide flexibility for subsequent capital operations. According to previous reports, Trump Media Group has registered new securities in the new S-3 filing with a maximum of $12 billion, which can be used to purchase Bitcoin.
Previously, the Trump Media & Technology Group registered new securities in the new S-3 filing for up to $12 billion, which can be used to purchase Bitcoin.