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Trump Media and Technology COMPANY announces the reset of $ 400 million and the construction of Bitcoin-BTC reserves of 2.3 billion dollars

Repairing the actions of $ 400 million confirming the confidence of Trump Media Company with its expansion plans in the fields of digital media and digital currencies.

Trump has a bitcoin logo with a signal of $ 2.3 billion in reserves

Trump Media & Technology Group Corp. – Mother Company for Truth Social – plans to rebuild actions of up to $ 400 million; The company confirmed in a press release published on Monday that its board of directors had agreed to implement the re-purchase program, which includes the actions of the regular company and guarantees through open market operations.

All shares will be purchased with the calendar of the purchase of company estimates. Trump Media Company said that this plan was compatible with the laws of the American securities and exchanges (sec) Committee.

Trump Media Company moves in two directions: purchasing actions and Bitcoin reserves worth $ 3 billion

The company – whose arrow is negotiated with the DJT code on the NASDAQ and the Texas of New York – this re -purchase is part of a wider plan which focuses on the return value to shareholders, while maintaining flexibility in future growth plans.

For its part, Devin Nunes – CEO and president of the Trump Media Company – said that this decision reflects the confidence of the board of directors of the strategic guidance of the long -term company, saying: “The Council voted to confirm its confidence in our company, our actions and our strategic plans.”

“Since Trump Media now has about $ 3 billion in his public budget, we have sufficient flexibility to make such decisions – to support the achievement of major returns for shareholders – in parallel with the exploration of additional strategic opportunities.”

During its announcement of the re-purchase program, the company confirmed that its previous Bitcoin strategy was still completely standing. In May, Trump Media Company revealed a special subscription agreement worth 2.3 billion dollars to finance a long -term plan to create a bitcoin treasure.

In addition, the company confirmed on Monday that the resets of the actions will not be in conflict with its digital currency strategy and that the two initiatives are funded independently, and the company indicated that it intended to rely on Bitcoin reserve plans on microstratety – Michael Saylor – which has bitcoin currencies of more than $ 14 billion.

This separation gives the actions of the purchasing strategies and the Bitcoin of the company reserves a space to work on both sides at the same time, and the company indicated that it could consider buying the convertible obligations in the future, whether on the free market or through special offers.

In addition, the company continues to extend its commercial brand which includes the social platform Truth, TRTH + and the TRUTH.FI financial technology platform.

Although the company has not yet determined a specific calendar for the re-purchase program, he confirmed that all operations will be carried out based on regular market conditions. With cash liquidity of $ 3 billion, the company confirms that it is still in a solid financial situation which allows it to implement several strategies at the same time.

Trump Media Company goes ahead with the creation of Bitcoin reserves of $ 2.3 billion with plans to launch boxes on the Stock Exchange (ETF) and have new partnerships

After announcing a 400 million dollars purchase plan, Trump’s media and technology company (TMTG) has doubled its efforts in the field of digital assets, when it started implementing its plan to create a bitcoin treasure of 2.3 billion dollars.

On May 30, the company confirmed that it had collected $ 2.44 billion thanks to a special subscription in which around 50 institutional investors participated. The agreement included the issue of 55.9 million shares at a price of $ 25.72 per share, as well as obligations which can be transferred without interest of a billion dollars, customers to buy BTC currencies and for general operational purposes.

The company explained that this step represents a strategic change shortly after the adoption of Bitcoin as a basic active in its treasures, after weeks, that is to say on June 13-the American Committee on Securities and Exchange (SEC) agreed with a S-3 registration declaration presented by Trump Media and Technology Plans among American public companies in the field of digital currencies.

It is reported that on June 16, the company submitted a request to launch a work Bitcoin and Ethereum-Ethemhom (Ethereum-Eth) under the name of Truth Social, in order to include the Nyse Arca Stock Exchange. The fund allocates 75% of its assets to Bitcoin and 25% for Ethereum, with the Crypto.com platform for supervision and financial implementation. If it is approved, it can help small institutional investors with exposure directly to digital currencies under the brand Truth.fi.

The company also announced its intention to extend the supply of ETF boxes to other sectors – such as energy – by partnership with Yorkville America Digital and Crypto.com.

Finally, Trump Media Company, through these initiatives, sought to establish his position in the digital finance sector, by mixing his political brand with financial products supported by Bitcoin, and on a scale that dares only to go through a few American companies.

The company Post Trump Media and Technology announces the reset of $ 400 million, and the construction of Bitcoin-BTC reserves at a value of 2.3 billion dollars appeared first on Arab Cryptonews.

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