Trump Media & Technology Group (stock code DJT) announced plans to repurchase $400 million worth of stock. The company stated that this buyback will not affect its previously announced Bitcoin fund allocation plan, which is supported by $2.3 billion in private financing and has been approved by the U.S. Securities and Exchange Commission. Trump Media, which operates the Truth Social platform and Truth.Fi financial technology business, sources its Bitcoin allocation funds from approximately 50 institutional investors. The company's latest statement claims to have around $3 billion in cash on its balance sheet and will maintain flexibility to explore more strategic opportunities. (TheBlock)
Trump media says $400 million stock buyback plan will not affect his Bitcoin reserve strategy
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