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Trump Media Technology Group: $4 Billion Stock Buyback Will Not Affect Establishment of Bitcoin Asset Reserve Plan
Summary: According to Cointelegraph, the Trump Media Technology Group, which owns the Truth Social platform, stated that its $4 billion stock buyback plan will not impact its establishment of a Bitcoin asset reserve plan. The media company founded by former U.S. President Donald Trump announced on Monday that its board has authorized the repurchase of up ...
According to Cointelegraph, the Trump Media Technology Group, which owns the Truth Social platform, stated that its $4 billion stock buyback plan will not impact its establishment of a Bitcoin asset reserve plan. The media company founded by former U.S. President Donald Trump announced on Monday that its board has authorized the repurchase of up to $4 billion of common stock. The company stated that this buyback will not affect its strategic plan to establish a Bitcoin reserve using over $20 billion in funds. According to the announcement, Trump Media Technology Group's Bitcoin strategy includes a private financing round totaling approximately $23 billion.
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Link: Trump Media Technology Group: $4 Billion Stock Buyback Will Not Affect Establishment of Bitcoin Asset Reserve Plan [Copy]
