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Trump Media & Technology Group: $400 Million Stock Buyback Will Not Affect Establishment of Bitcoin Asset Reserve Plan

2025.06.24 09:08:38

On June 24th, as per Cointelegraph, the media tech group in which Donald Trump holds ownership and which operates the Truth Social platform declared that its $4 billion stock buyback plan will not have an impact on its plan to establish a Bitcoin asset reserve. The media company founded by US President Donald Trump announced on Monday that its board of directors has given the green light to the repurchase of up to $4 billion of common stock. The company stated that this buyback will not interfere with its strategic use of over $20 billion to set up a Bitcoin reserve. According to the announcement, Trump Media & Technology Group's Bitcoin strategy "encompasses an approximately $2.3 billion private funding round."
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