Trump Media, the parent company of Trump's Truth Social, announced plans on Monday to buy back up to $400 million worth of shares. The company previously disclosed plans for a bitcoin reserve backed by a $2.30 billion private placement.
Despite launching a massive share buyback, Trump Media said the move would not change its strategic plan to build a multi-billion dollar bitcoin treasury. The company will continue to execute its previously announced cryptocurrency reserve plan, using bitcoin as an important part of the company's balance sheet.
Trump Media: $400 million share buyback plan won't affect its bitcoin reserve strategy
2025-06-24 00:34:47
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