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Trump Media: The $400 million stock buyback plan will not affect its Bitcoin reserve strategy.
Golden Finance reported that Trump Media, the parent company of Truth Social under Trump, announced plans on Monday to buy back up to $400 million worth of stock. The company had previously disclosed a Bitcoin reserve plan supported by $2.3 billion in private sale financing. Despite launching a massive stock buyback, Trump Media stated that this move will not change its strategic plan to build a multi-billion dollar Bitcoin treasury. The company will continue to implement its previously announced cryptocurrency reserve plan, making Bitcoin an important component of the company's balance sheet.