Trump Media confirms $400M share buyback won't impact $2B Bitcoin treasury plans

From Cointelegraph

June 23, 2025 5:16:00 pm:

Trump Media and Technology Group confirms $400 million share buyback program will not impact plans to establish a Bitcoin treasury with over $2 billion. The media group initially denied reports of raising $3 billion for crypto investment but later confirmed a $2.5 billion capital funding for Bitcoin purchase. The US SEC approved Trump Media’s $2.3 billion Bitcoin investment. Trump Media applies to launch a spot Bitcoin ETF and files for listing a dual ETF tied to Bitcoin and Ether.

Trump proposes a “Strategic Bitcoin Reserve” and “Digital Asset Stockpile” through a March executive order. Lawmakers accuse Trump of using his government position to enrich crypto firms by establishing stockpiles. California Senator Adam Schiff introduces legislation to prevent public officials from endorsing digital assets. Trump Media’s proposed Bitcoin strategy could violate the law if passed.

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