Trump Media increases investment in Bitcoin
Trump Media has announced a $400 million stock buyback program, but insists that this does not affect its $2 billion investment strategy in Bitcoin.
This capital comes from a $2.5 billion private funding round with about 50 investors, and is used to build a Bitcoin treasury managed by Crypto.com and Anchorage Digital.
With plans to continue additional purchases, Bitcoin is being viewed by the company as a core strategic reserve asset.
The current BTC price is $118,993, up 0.5% in 24 hours.#BTCvsETH