Trump Media & Technology Group has announced a $400 million share repurchase program, explicitly stating that this action will not impact its previously disclosed plan to invest $2.3 billion into Bitcoin for its corporate treasury.
The company clarified that the capital for the Bitcoin acquisition remains secured through its recently effective registration statement with the U.S. Securities and Exchange Commission (SEC). This registration enables Trump Media to raise the $2.3 billion via the sale of equity and convertible notes, funds specifically earmarked for the Bitcoin purchase.
Simultaneously, Trump Media is actively pursuing the launch of spot Bitcoin and Ether exchange-traded funds (ETFs). This initiative leverages the SEC’s regulatory approval framework established for such products since early 2024.
The company’s broader cryptocurrency strategy, which includes proposals for a ‘Strategic Bitcoin Reserve,’ has encountered political opposition and regulatory scrutiny. Despite these challenges, Trump Media emphasizes transparent communication regarding its crypto-related plans, aiming to bolster investor confidence in its long-term strategy.