TechFlow, June 24 — According to The Block, Trump Media, the parent company of Trump's Truth Social, announced on Monday its plan to repurchase up to $400 million worth of shares. The company had previously disclosed a bitcoin reserve initiative backed by a $2.3 billion private financing.
Despite launching this large-scale share buyback, Trump Media stated that the move will not alter its strategic plan to build a multi-billion-dollar bitcoin treasury. The company will continue executing its previously announced cryptocurrency reserve strategy, making bitcoin a key component of its corporate balance sheet.
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