Trump Media: $400 million stock repurchase plan will not affect its Bitcoin reserve strategy
Internet reports that Trump Media, the parent company of Trump's Truth Social, announced on Monday plans to repurchase shares worth up to $400 million. The company has previously disclosed a bitcoin reserve program backed by $2.3 billion in private equity financing. 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 implement its previously announced cryptocurrency reserve plan, making Bitcoin an important part of the company's balance sheet.
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