Trump Media: $400 Million Stock Buyback Plan Will Not Affect Its Bitcoin Reserve Strategy
According to Jinse Finance, Trump Media, the parent company of Truth Social under Donald Trump, announced on Monday plans to repurchase up to $400 million worth of shares. The company had previously disclosed a Bitcoin reserve plan supported by $2.3 billion in private financing. Despite launching a large-scale stock buyback, Trump Media stated that this move would not alter its strategic plan to build a multi-billion-dollar Bitcoin treasury. The company will continue to implement its previously announced cryptocurrency reserve plan, making Bitcoin a key component of its corporate balance sheet.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitwise CEO concludes survey on market crash response measures, with over 43% choosing "buy"
A whale deposited 2 million USDC into HyperLiquid to open a 2x leveraged ETH long position.
Bitcoin market capitalization rebounds to surpass $1.7 trillion, rising to 8th place among global assets
Trending news
MoreCrypto prices
More
