Trump Media: $400M buyback won’t derail $2.3B Bitcoin Treasury plan
The post Trump Media: $400M buyback won’t derail $2.3B Bitcoin Treasury plan appeared on BitcoinEthereumNews.com. Trump Media approves $400 million buyback, commits $2.5 billion toward Bitcoin acquisitions. Proposed Trump-backed crypto ETFs face scrutiny amid rising market volatility and political backlash The Trump Media and Technology Group Corp., which owns Truth Social, Truth+, and Truth.Fi has announced a $400 million stock buyback plan. The company also reaffirmed its commitment to holding Bitcoin [BTC] as part of its corporate treasury strategy, a move that has drawn significant political attention. Decoding Trump media’s buyback plan Made on the 23rd of June, the announcement, comes as the U.S. Senate Permanent Subcommittee on Investigations raises concerns that President Donald Trump may be using his political influence to benefit crypto-related ventures. While Trump Media and Technology Group initially denied plans to invest heavily in cryptocurrency, it later revealed a major shift in strategy. The company confirmed it had secured around $2.5 billion in funding specifically intended for acquiring Bitcoin. According to an official update issued on the 23rd of June, this initiative includes a private placement offering totaling around $2.3 billion. Remarking on the same, Trump Media’s CEO and Chairman, Devin Nunes, said, “The Board took a vote of confidence in our Company, our stock, and our strategic plans. Since Trump Media now has approximately $3 billion on its balance sheet.” He further added, “We have the flexibility to take actions like this which support strong shareholder returns, as we continue exploring further strategic opportunities.” As expected, this development further fuels discussions about the media conglomerate’s broader ambitions in the crypto space. The firm’s aggressive crypto strategy Trump Media and Technology Group (TMTG) is making an aggressive push into cryptocurrency, part of a broader effort to protect itself from what CEO Devin Nunes describes as ‘financial discrimination against conservative businesses.’ The company plans to use recently raised funds to develop Trump-branded crypto…
The post Trump Media: $400M buyback won’t derail $2.3B Bitcoin Treasury plan appeared on BitcoinEthereumNews.com.
Trump Media approves $400 million buyback, commits $2.5 billion toward Bitcoin acquisitions. Proposed Trump-backed crypto ETFs face scrutiny amid rising market volatility and political backlash The Trump Media and Technology Group Corp., which owns Truth Social, Truth+, and Truth.Fi has announced a $400 million stock buyback plan. The company also reaffirmed its commitment to holding Bitcoin [BTC] as part of its corporate treasury strategy, a move that has drawn significant political attention. Decoding Trump media’s buyback plan Made on the 23rd of June, the announcement, comes as the U.S. Senate Permanent Subcommittee on Investigations raises concerns that President Donald Trump may be using his political influence to benefit crypto-related ventures. While Trump Media and Technology Group initially denied plans to invest heavily in cryptocurrency, it later revealed a major shift in strategy. The company confirmed it had secured around $2.5 billion in funding specifically intended for acquiring Bitcoin. According to an official update issued on the 23rd of June, this initiative includes a private placement offering totaling around $2.3 billion. Remarking on the same, Trump Media’s CEO and Chairman, Devin Nunes, said, “The Board took a vote of confidence in our Company, our stock, and our strategic plans. Since Trump Media now has approximately $3 billion on its balance sheet.” He further added, “We have the flexibility to take actions like this which support strong shareholder returns, as we continue exploring further strategic opportunities.” As expected, this development further fuels discussions about the media conglomerate’s broader ambitions in the crypto space. The firm’s aggressive crypto strategy Trump Media and Technology Group (TMTG) is making an aggressive push into cryptocurrency, part of a broader effort to protect itself from what CEO Devin Nunes describes as ‘financial discrimination against conservative businesses.’ The company plans to use recently raised funds to develop Trump-branded crypto…
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