Trump Media to buy back $400 million of its own shares…Separate from Bitcoin (BTC) reserves
JH Kim
Summary
- Trump Media (DJT) has announced a $400 million share buyback plan.
- This share buyback is being carried out separately from the previously announced private offering related to Bitcoin (BTC) reserves.
- Earlier this month, Trump Media submitted a $2.3 billion private offering application to the SEC and announced its plans for BTC reserves.
On the 23rd (local time), cryptocurrency-focused media outlet The Block reported that Trump Media (DJT)’s $400 million share buyback plan is being carried out separately from the previously announced private offering related to Bitcoin (BTC) reserves.
Earlier this month, Trump Media submitted an application regarding a $2.3 billion private offering to the U.S. Securities and Exchange Commission (SEC), and announced its plans to hold BTC as a reserve.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
