Trump Media Share Buyback to be Funded Separately From BTC Treasury Strategy
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币界网报道：Trump Media and Technology Group (DJT), parent company of Truth Social, announced a $400 million share buyback program funded separately from its bitcoin treasury strategy. The repurchased shares will be retired through open market transactions. CEO Devin Nunes stated the company's $3 billion balance sheet provides flexibility for shareholder returns while exploring strategic opportunities. The firm recently raised over $2 billion from 50 institutional investors to establish a BTC treasury with custody by Crypto.com and Anchorage Digital. DJT shares rose 3.8% to $18.50 following the announcement.
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