According to reports, Trump Media and Technology Group announced plans to buy back $400 million in stock. The company stated that this buyback will not affect its Bitcoin funding allocation plans.
The plan is supported by $2.3 billion in private financing and has been approved by the U.S. Securities and Exchange Commission. Trump Media operates Truth Social and Truth.Fi, with its Bitcoin funding coming from about 50 institutional investors.
The company stated that its balance sheet holds about $3 billion in funds, which will allow for flexibility in exploring more strategic opportunities.
