Trump Media and Technology Group, the company of the company Truth Social Platform, said that its $ 400 million shares will not affect their plans to create a Bitcoin Treasury.
In Monday’s notice, US President Donald Trump’s media company Said Its board of directors had authorized reproach of up to $ 400 million in common stock. Stock buyback does not affect the company’s strategy to install a bitcoin (BTC) Treasury said this, using more than $ 2 billion.
Media group Initially denied report It was planning to raise approximately $ 3 billion to invest in cryptocurrency, but later confirmed the capital funds of $ 2.5 billion to buy bitcoins. According to Monday’s notice, Trump Media’s bitcoin strategy “offered a private placement of about $ 2.3 billion in total.”
Under the chairmanship of the US Securities and Exchange Commission (SEC), Trump candidate Paul Atkins, Registration details approved In June for the media company’s bitcoin deal. The filing for bitcoin investment showed $ 2.3 billion, which came from a resale of 56 million shares and 29 million shares were linked to convertible notes as part of debt and equity agreements.
Connected: Trump family company cut a 20% stake in World Liberty Financial – Report
Trump is also media Applied to launch A spot bitcoin exchange-traded funds (ETF), which is socially separately Filed in the list And a dual ETF trade shares tied to bitcoin and ether.ETSEC has been approved the listing of Spot Bitcoin ETF since January 2024 and Spot Ether ETFS since May 2024.
https://www.youtube.com/watch?v=VKCCRVDC0
National bitcoin stockpile schemes under Trump
Tusrap Is also proposedThrough the March Executive Order, that the US installs a “strategic bitcoin reserve” and “digital asset stockpile”. Reserve will confiscate the US government, but with Trump’s advisors Other ways suggested Extension of stockpile.
Permanent sub -committee on investigation of MPs on US Senate accused The chairman of using its position within the government by installing “Stockpiles” to enrich “Cryptocurrency firms”.
Trump Media was announced on the same day when California Senator Adam Shif The purpose of acting law was By issuing, sponsoring or supporting digital assets to the US President, first family, and other public authorities. Trump Media, under the President’s name, may be in violation of law with its proposed bitcoin strategy if it had to be passed.
magazine: Trump’s crypto venture enhances conflict of interests, Insider Trading Questions
