The U.S. Securities and Exchange Commission (SEC) has declared effective the registration statement for Trump Media and Technology Group's Bitcoin treasury deal, clearing the way for the company to expand its cryptocurrency holdings. Initially approved in mid-June 2025, the SEC's clearance enables Trump Media to raise capital to acquire Bitcoin. The company raised approximately $2.3 billion for this initiative, with a total investment cap stated in filings reaching up to $12 billion. As of July 2025, Trump Media has acquired about $2 billion worth of Bitcoin and Bitcoin-related securities, representing roughly two-thirds of its $3 billion in liquid assets. Additionally, the company has allocated around $300 million to a Bitcoin-linked options strategy aimed at capitalizing on price volatility. Trump Media's stock has responded positively to these developments, with notable gains following the announcements. The firm, which owns Truth Social, continues to pursue its crypto treasury strategy alongside a separate $400 million share repurchase authorization that does not affect its Bitcoin plans. The Bitcoin accumulation and options strategy reflect Trump Media's broader effort to deepen its involvement in digital assets and integrate them with planned utility token initiatives.