Trump Media and Technology Group said the U.S. Securities and Exchange Commission (SEC) has declared its registration application for a Bitcoin "Treasury Deal" effective. The company added that it does not plan to raise funds for this purpose immediately. The company said it has raised about $2.3 billion through a mix of debt and equity, with about 50 investors participating. According to its disclosure in May, the bitcoins will be included in the company's balance sheet at the end of the first quarter along with existing cash and short-term investments (totaling about $759 million). "Treasury Deal" refers to a company using digital assets such as Bitcoin as part of its "Treasury" funding allocation to replace or supplement traditional cash reserves. In recent years, many companies, including GameStop and MicroStrategy, have also adopted similar strategies in an effort to increase capital returns amid a bullish Bitcoin market.