Trump Media Technology Group (TMTG) has received approval from the U.S. Securities and Exchange Commission (SEC) for its S-3 registration statement concerning a $2.3 billion Bitcoin reserve. The approval, granted on June 13, involves the resale of 56 million shares and 29 million convertible bond-related shares, with participation from approximately 50 investors. TMTG emphasizes Bitcoin as a key asset for financial freedom and plans to maintain it as a core holding. In addition to the Bitcoin reserve, TMTG has also submitted an application for a spot Bitcoin ETF to the SEC on June 5. The company aims to establish a trust fund with Bitcoin as its primary asset, further solidifying its commitment to cryptocurrency as a strategic financial tool.