Trump Media Says $400M Share Buyback Won’t Affect Bitcoin Treasury Plans
Trump Media announced a $400 million stock buyback program, asserting that this will not interfere with its plans to invest over $2 billion in Bitcoin. The media company, which operates the Truth Social platform, stated that the repurchase of shares is part of its broader strategy to create a Bitcoin treasury. The announcement comes after the SEC approved Trump's media group, which is also exploring options to launch a Bitcoin ETF. The company plans to raise around $3 billion for cryptocurrency investments, with a notable focus on establishing a Bitcoin stockpile following a March executive order from Trump. As Trump Media navigates legal concerns related to digital asset endorsements by public officials, it remains committed to its investment strategies, despite potential regulatory scrutiny.
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